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.

  • Personal
  • Real Estate
  • Auto, truck, boat
  • Overdraft Protection
  • Home Equity
  • Mortgage

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.

Example:

5/5 ARM Rate Rate Estimated Monthly Payment
Years 1-5 3.50% $988.25
Years 6-10 5.50% $1,212.00
Years 11-15 7.50% $1,420.00
Years 16-30 8.50% $1,509.00

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.

 

Variable Home Equity Line of Credit (HELOC)

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.

Low Rates:

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%)

Flexible Terms:

  • 10-year draw period with interest-only repayment during draw period (optional).  Followed by
  • 20-year repayment period with a minimum monthly payment equal to 0.42% of principal balance plus accrued interest or $100, whichever is greater.
  • Available to primary and secondary residences
  • Maximum LTV is 89.9%
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.

Personal Credit Cards

Our Visa® Rewards Platinum credit card offers convenience, worldwide acceptance and great benefits with competitive rates and terms.

  • No Annual Fee*
  • 10.24% to 20.24% variable APR on purchases based on your credit worthiness.*
  • 0% Introductory APR on balance transfers for the first six biling cycles. Afterwards, a 10.24% to 20.24% variable APR on balance transfers will apply.  A 3% fee will be charged for each balance transferred, waived for balance transfers at account opening.*
  • Reward points for merchandise and travel.  Visit cRewardssm at cRewardsCard.com for details.
  • Tickets good on any airline with no blackout dates
  • Chip Card Security
  • Fraud Monitoring and Zero Fraud Liability
  • Travel Accident Insurance1
  • Personal service from people you know

For added security for online Visa purchases register through Verified by Visa

Apply Now!

*See the card application’s Important Disclosures for current terms, rates and fees. This card is issued by TCM Bank, N.A. Subject to credit approval.
1Coverage applies when the entire cost of the fare (less redeemable certificates, vouchers, or coupons) has been charged to the card. Your account must be in good standing. Restrictions to coverage may apply.