Mortgages

Trustco Bank Mortgages. We Close Loans!

Trustco Bank is your Hometown Bank. 

Low Cost, Low Rate, Leave with a Closing Date

Now scheduling closing dates at the time of application for all home loan products!

  • Close your First Mortgage in 30 Days!*
  • 85% of our Loans close as scheduled!*

When It Comes To Your House, You'll Feel Right At Home At Trustco.

It's the American Dream. Owning your own home. With a Trustco first mortgage, you'll be able to do it faster, easier and more affordably than you ever thought. With the lowest closing costs on first mortgages, our quick application process and fast decisions made right here in your home town, the address for your success is as close as your nearest Trustco Branch.

Click Here for Current Rates »

1st Mortgage: Refinance

  • Financing Available for Owner Occupied Residential Properties Up to 4 Units
  • Free 60-Day Rate Lock at Time of Application
  • 90% Financing Available (80% Max for Condominiums)
  • Low Closing Costs
  • Biweekly or Monthly Payment Options Available
  • No Tax Escrow Required - Earn Interest With Your Trustco Tax Saver Account
  • No PMI (Private Mortgage Insurance) Required - Save Hundreds of Dollars a Year
  • No Appraisal Fee
  • No Points
  • No Prepayment Penalty
  • Quick and Easy Application Process - Just Bring in Proof of Income, Deed, and Paid Tax Receipts
  • Convenient Automatic Payment Option, From a Trustco Checking Account, With a Lower Interest Rate
  • Renovation Loans Also Available

1st Mortgage: Purchase

  • Financing Available for Owner Occupied Residential Properties up to 4 Units
  • Free Pre-Qualification Before Buying Your Home
  • Free 60-Day Rate Lock at Time of Application
  • 90% Financing Available (80% Max for Condominiums)
  • Low Closing Costs
  • Biweekly or Monthly Payment Options Available
  • No Tax Escrow Required - Earn Interest With Your Trustco Tax Saver Account
  • No PMI (Private Mortgage Insurance) Required - Save Hundreds of Dollars a Year
  • No Appraisal Fee
  • No Points
  • No Prepayment Penalty
  • Pre Approvals Also Available
  • Quick and Easy Application Process - Just Bring in Signed Purchase Contract and Proof of Income 
  • Commitment Letters Issued in as Few as 3 Days From Application
  • Convenient Automatic Payment Option, From a Trustco Checking Account, With a Lower Interest Rate
  • Affordable Housing Programs With 100% Financing also Available 
  • New Construction Mortgages With 10-Month Free Interest Rate Lock

Building Loans

When you own a piece of land and plan on having a house built, you need financing throughout the building process to pay suppliers, contractors, etc..

  • 60 Days to Close - Rate Locked at Time of Application Convenient 8-Month Construction Period, with up to 4 Advances of Funds 
  • During Construction Period, only interest is billed
  • One Closing so You'll Never Have to Worry About Your Interest Rate Increasing Throughout the Process
  • Loan Automatically Converts to Permanent Loan Upon Expiration of Building Loan - No Need for Another Closing
  • 1st Mortgage Only - No Other Liens May be Attached to the Property
  • Financing Up to 90% of Appraised Value
  • Low Closing Costs
  • Low Fixed Interest Rate Options
  • Convenient Automatic Payment Option, From a Trustco Checking Account, With a Lower Interest Rate
  • Biweekly or Monthly Payment Options
  • No Tax Escrow Required - Earn Interest With Your Trustco Tax Saver Account 
  • No PMI (Private Mortgage Insurance) Required - Save Hundreds of Dollars a Year
  • No Appraisal Fee
  • No Points
  • No Prepayment Penalty
  • Pre Approvals Also Available
  • Quick and Easy Application Process - Just Bring in Plans, Specifiations With Cost Breakdown, and Proof of Income (Deed and Paid Tax Receipts if Land Already Owned)
  • Commitment Letters Issued in as Few as 3 Days From Application

New Construction Loans

When a developer owns a piece of land upon which you are having them build your dream home...

  • Builder Transfers Title at Time of Closing After Construction is Complete
  • Free 300 Day Rate Lock
  • Financing Up to 90% of Appraised Value
  • Low Closing Costs
  • Low Fixed Interest Rate Options
  • Convenient Automatic Payment Option, From a Trustco Checking Account, With a Lower Interest Rate
  • Biweekly or Monthly Payment Options
  • No Tax Escrow Required - Earn Interest With Your Trustco Tax Saver Account
  • No PMI (Private Mortgage Insurance) Required - Save Hundreds of Dollars a Year
  • No Appraisal Fee
  • No Points
  • No Prepayment Penalty
  • Pre Approvals Also Available
  • Quick and Easy Application Process - Just Bring in a Signed Construction Agreement, Plans, Specifications, and Proof of Income
  • Commitment Letters Issued in as Few as 3 Days from Application


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Please note: We reserve the right to alter or withdraw this product or certain features thereof without prior notification.

Trustco Bank is your Hometown Bank.  Find a location near you to get started »

*Information based on current closings. Circumstances beyond Trustco Banks control may delay closing.