Thomaston Savings Bank Participates in CHFA’s Smart Rate Program

Thomaston Savings Bank is proud to announce its participation in the Connecticut Housing Finance Authority’s (CFHA) new Smart Rate Program. This program, designed for borrowers with student loan debt, offers a 1.125% interest rate reduction off CHFA’s first mortgage rate on the date of loan reservation for eligible borrowers with a minimum student loan debt balance of $15,000 at the time of CHFA Loan Commitment.

"We are thrilled to participate in CHFA's new Smart Rate Program. This program will help to alleviate the barrier student loan debt poses on individuals looking to buy a home.” – Kelly Crone, 1st VP, Residential Mortgage Officer, Thomaston Savings Bank

Through the program’s rate reduction, households can overcome the obstacle of student loan debt to afford their first home. Applicants must meet eligibility requirements to apply for a loan. To learn more, go to https://www.chfa.org/smartrate/