Holyoke

Fixed Rate Mortgages

First Time Homebuyer Program - "WB First"

A first-time homebuyer is an individual who has no ownership in a principal residence during the 3-year period preceding the date of the purchase of the property.

Adjustable Rate Mortgages*

Construction Loans (loan amounts up to $999,999)

Construction Loans (loan amounts of $1,000,000+)

Land Loans

Investment Loans

Investment loans are for non-owner occupied residential real estate.

Home Equity Line of Credit Special | 10 Year Draw | 80% CLTV

_{The minimum loan amount is $10,000. A borrower paid appraisal is required if loan request is greater than or equal to $400,000.}

_{The index is Prime Rate as published in the Wall Street Journal, currently 7.500% and can change monthly after remaining fixed for 1 day. An increase in the interest rate will result in a higher monthly payment. The maximum APR is 18%. Homeowners Insurance is required on the property securing these loans}

_{The Home Equity Line of Credit is subject to an early termination fee of $550.00 if prepaid in full and closed within 24 months.}

_{The 10 year draw period is interest only and the remaining 15 year repayment period will be the principal balance remaining at the end of the draw period divided by the number of months in the repayment period, plus interest.}

_{After the 3 month introdutory period, the interest rate will be Prime Rate with a minimum interest rate of 3.750%}

Home Equity Line of Credit Special | 10 Year Draw | 80.01-85% CLTV

_{The minimum loan amount is $10,000. A borrower paid appraisal is required if loan request is greater than or equal to $400,000. For lines greater than 80.01% to 85% CLTV, the maximum loan amount is $50,000 and a borrower paid appraisal is required.}

_{The index is Prime Rate as published in the Wall Street Journal, currently 7.500% plus a margin of 0.50% and can change monthly after remaining fixed for 1 day. An increase in the interest rate will result in a higher monthly payment. The maximum APR is 18%. Homeowners Insurance is required on the property securing these loans.}

_{The Home Equity Line of Credit is subject to an early termination fee of $550.00 if prepaid in full and closed within 24 months.}

_{The 10 year draw period is interest only and the remaining 15 year repayment period will be the principal balance remaining at the end of the draw period divided by the number of months in the repayment period, plus interest.}

_{After the 3 month introductory period, the interest rate will be Prime Rate plus a margin of 0.50% with a minimum interest rate of 4.250%. .}

Home Equity Loan (First Lien) | 80% CLTV

Home Equity Loan (Second, Subordinate, Junior Liens) | 80% CLTV

Home Equity Loan (Second, Subordinate, Junior Liens) | > 80% to 85% CLTV

_{The minimum Home Equity Loan amount is $5,000. An appraisal is required for loans less than or equal to 80% CLTV if loan request is greater than or equal to $400,000. For loans greater than 80% to 85% CLTV, the maximum loan amount is $50,000 and a borrower paid appraisal is required.}

_{¹ Interest rate reflects a 0.25 discount as long as you maintain an automatic payment withdrawal from a new or existing Westfield Bank checking account. The account must be opened prior to the settlement of your loan.}

<sub>² The monthly payment does not include taxes and insurance. Your actual payment may be greater.

General Disclosures Applicable to All Home Equity Loans and Lines</sub>

_{Home Equity Loan and Home Equity Line of Credit products are available for one to four unit owner occupied primary residences including condominiums. Homeowners insurance is required on the property securing the loan.}

^{Subject to individuals residing or working in Massachusetts, Connecticut.}

_{Rates are subject to change without notice.
CLTV = Combined Loan to Value. These program descriptions are not an offer to extend credit.The extension of credit is dependent upon your credit history, combined loan-to-value ratio, and other factors.
You must pay certain third party fees for loans greater than or equal to $250,000. These fees total between $0.00 and $2,457.00. If you ask, we will give you an itemization of the fees that you will have to pay third parties.}

Auto Loans

New car loans are only available on model year 2023 up to

• 100% of the purchase price for loan amounts up to $50,000.
• 90% of the purchase price for loan amounts up to $50,001 - $70,000.
• 80% of the purchase price for loan amounts up to $70,001 or more

APRs based on 100% LTV

Pre-owned car loan maximum financing 2018-2023.

• Model year 2018 has a maximum term of 36 months, Lesser of 80% of the purchase price or 80% NADA Clean Retail
• Model year 2019 has a maximum term of 48 months, Lesser of 80% of the purchase price or 80% NADA Clean Retail
• Model years 2020-2023 have a maximum term of 60 months, Lesser of 90% of the purchase price or 90% NADA Clean Retail

Personal Line of Credit

No annual fee. You only pay finance charges on the amount you borrow.

Recreational Vehicles

Motorcycle, RV and Boat APRS based on 80% LTV. 20% down payment required.

Pool and Spa Loans

90% of the purchase price with a maximum loan amount of $10,000. (Equity Loans or Equity Lines may be available for any loans over $10,000.)

APRs based on 90% LTV