Credit and Loans
Whether you need cash to make home improvements, purchase a vehicle, go on a vacation, or pay off high-interest credit cards, Talbot Bank has a variety of loan products with terms and rates to fit your needs.
- Real Estate
- Auto, truck, boat
- Overdraft Protection
- Home Equity
To assist you with your financial planning needs, use one of our many financial calculators to determine what options will best fit your budget.
Apply for a Loan
Contact one of our local branches and complete a loan application today!
Residential 5/5 Adjustable Rate Mortgage (ARM)
Have you been dreaming of owning a home? A residential mortgage from The Talbot Bank may be the key to making that dream come true. If you are looking for a lower initial rate of an adjustable-rate mortgage (ARM) with at least some of the stability of a fixed-rate loan, the 5/5 ARM with an initial interest rate of 3.5%1 may be the right option for you. Contact a member of our Possible Team today to see how we can help you start down the path to your new home.
|5/5 ARM Rate||Rate||Estimated Monthly Payment|
1Payments shown do not reflect amounts for taxes and insurance. The actual payment obligation may be greater. Adjustable Rate Mortgage (ARM) rates are subject to change every five years during the term of the loan. The rate example shown above for the 5/5 Adjustable Rate Mortgage (ARM) assumes a loan amount of $220,000 for a single-family primary residence with no origination fee and a down payment of 20% or more. Your payment may increase or decrease substantially depending on changes in the interest rate. In the example above, the 30-year loan with an initial interest of 3.50% (the initial interest in effect March 2016, which is not based on the index in effect for March 2016), the maximum amount that the interest rate can rise under this program is 5.0% to 8.50%, and the monthly payment can rise from an initial payment of $988.25 to a maximum of $1,509.00 in the 16th year. The index rate on this product is based on the Average Prime Offer Rate (APOR) reported in the five years to first adjustment column as made available in the “Average Prime Offer Rates - Adjustable” table plus a margin of 0.75%. Based on increases or decreases in the Index, payment amounts under this ARM program can change every five years beginning five years from the date of your Note.
Convenience, control, and flexibility are just some of the benefits of a Talbot Bank Home Equity Line of Credit. Whether you are buying a car, building an addition, paying college tuition, or want to create a safety net for unexpected expenses, the convenience of a HELOC from Talbot Bank puts you in control of your equity.
|A variable rate equal to NY Prime Rate as published in the Wall Street Journal with a floor of 4.25% Annual Percentage Rate (APR). (The maximum APR is 24%)|
|Closing Costs:||Fees and charges generally associated with HELOCs total between $12 - $3,000 and are due at closing. Borrower must maintain insurance on the property securing the credit. Itemization of fees available upon request. Closing costs may be advanced from initial draw.|
For a complete list of Registered Home-Equity Originators (NMLS), click here.
Make the Talbot Bank Visa or Visa Gold credit card your constant companion. Our card is accepted worldwide yet comes with the personal, friendly service you expect from us. Some of the great features include:
- No Annual Fee *
- Local Customer Service
- Online Account Access including electronic statements at My Card Statement
- Balance Transfer Options
- Scorecard Bonus Points Program (Visa Gold)-earn one point for every $1 transaction and your points never expire! Points may be used for travel and merchandise purchases
- Travel Accident Insurance
- Travel Related Discounts
- 90 Day Product Protection
- Identity Theft Victim Assistance
- Vision and Prescription Discounts
For added security for online Visa purchases register through Verified by Visa
To apply for a Talbot Bank Personal Visa or MasterCard, contact one of our local branches to complete a credit card application today!
To report a lost or stolen credit card, please call 800-423-7503 immediately.