5/1 ARM

First 5 Years

5.990% Rate

7.239% APR*

Rate may adjust every year
  • Low Closing Costs
  • No Borrower Paid Private Mortgage Insurance1
  • No Appraisal Fee
  • No Real Estate Tax Escrow Required

*Annual Percentage Rate. Rate current as of 4/10/2024. Rate listed applies to owner-occupied primary residence loans of $800,000 or less, up to 89.5% Loan to Value. The term of the loan is 30 years. Advertised rate is discounted 0.125% for automatic payments from your Trustco Bank deposit account. The initial 60 monthly payments will be $5.99 per $1,000 borrowed. After initial 5 year period, Trustco may adjust its mortgage rate every 12 months thereafter based on variable 1-Year Constant Maturity Treasury reported weekly (currently 5.04%) + 3.00% margin over the life of the loan rounded up to next .125%, with a maximum increase of 2.00% per period. Based on the current fully indexed rate, the rate will be 8.125% the monthly payments will be $7.26 per $1,000 borrowed. Payments do not include amounts for taxes and insurance premiums. Actual payment will be greater. The APR and payments may be increased after consummation. Please note: We reserve the right to alter or withdraw these products or certain features thereof without prior notification. All loans subject to credit approval. NMLS #474376

7/1 ARM

First 7 Years

6.375% Rate

7.202% APR*

Rate may adjust every year
  • Low Closing Costs
  • No Borrower Paid Private Mortgage Insurance1
  • No Appraisal Fee
  • No Real Estate Tax Escrow Required

*Annual Percentage Rate. Rate current as of 4/10/2024. Rate listed applies to owner-occupied primary residence loans of $800,000 or less, up to 89.5% Loan to Value. The term of the loan is 30 years. Advertised rate is discounted 0.125% for automatic payments from your Trustco Bank deposit account. The initial 84 monthly payments will be $6.24 per $1,000 borrowed. After initial 7 year period, Trustco may adjust its mortgage rate every 12 months thereafter based on variable 1-Year Constant Maturity Treasury reported weekly (currently 5.04%) + 3.00% margin over the life of the loan rounded up to next .125%, with a maximum increase of 2.00% per period. Based on the current fully indexed rate, the rate will be 8.125% the monthly payments will be $7.23 per $1,000 borrowed. The APR and payments may be increased after consummation. Please note: We reserve the right to alter or withdraw these products or certain features thereof without prior notification. All loans subject to credit approval. NMLS #474376

10/1 ARM

First 10 Years

6.375% Rate

6.972% APR*

Rate may adjust every year
  • Low Closing Costs
  • No Borrower Paid Private Mortgage Insurance1
  • No Appraisal Fee
  • No Real Estate Tax Escrow Required

*Annual Percentage Rate. Rate current as of 4/10/2024. Rate listed applies to owner-occupied primary residence loans of $800,000 or less, up to 89.5% Loan to Value. The term of the loan is 30 years. Advertised rate is discounted 0.125% for automatic payments from your Trustco Bank deposit account. The initial 120 monthly payments will be $6.24 per $1,000 borrowed. After initial 10 year period, Trustco may adjust its mortgage rate every 12 months thereafter based on variable 1-Year Constant Maturity Treasury reported weekly (currently 5.04%) + 3.00% margin over the life of the loan rounded up to next .125%, with a maximum increase of 2.00% per period. Based on the current fully indexed rate, the rate will be 8.125% the monthly payments will be $7.13 per $1,000 borrowed. Payments do not include amounts for taxes and insurance premiums. Actual payment will be greater. The APR and payments may be increased after consummation. Please note: We reserve the right to alter or withdraw these products or certain features thereof without prior notification. All loans subject to credit approval. NMLS #474376

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