Keep in mind

1. Webster Bank “Peace of Mind” Home Purchase Guarantee: Webster’s “Peace of Mind” Home Purchase Guarantee, guarantees a condition free Commitment Letter by the mortgage contingency date stated in your home purchase contract. Your mortgage contingency date must be at least thirty (30) days from the date we receive your completed mortgage loan application in order to be eligible for this guarantee (“Commitment Guarantee”). This condition free Commitment Letter may bring you one step closer to purchasing your new home on time!
   If after receipt of your Completed Mortgage Loan Application, we do not meet the Commitment Guarantee, Webster will provide you, the applicant(s) with a total maximum $1000 closing cost credit.
   A "mortgage loan application" is defined as an oral or written request for credit in which Webster received all "required information and documentation" to evaluate the application for the amount and type of credit requested.
   A Completed Mortgage Loan Application is defined as follows:
   • Fully executed offer to purchase and/or purchase and sale agreement
   • Satisfactory income documentation required for your selected mortgage program
   • Asset documentation as required for your selected mortgage program
   • Required upfront fees paid at time of application for appraisal and credit report
   • Signed 4506T and Borrower’s Authorization
   
   You, the applicant(s), are responsible for providing Webster the required information and documentation to satisfy the Completed Mortgage Loan Application criteria. Any delays due to an incomplete application are not covered by the Commitment Guarantee. The Guarantee does not cover delays caused by the applicant or third parties delivering required documentation on behalf of the applicant(s).
   To be eligible for the Commitment Guarantee, the Completed Mortgage Loan Application must be for a 1 to 4 family, primary residence or second home. The Commitment Guarantee is only available in CT, RI, MA and Westchester County, NY. Loan amounts over $1,000,000 are excluded.
   Additional Exclusions:
   • Loans secured by Condos
   • Construction loans
   • Short Sales
   • Land Loans
   • Closing delays due to non-marketable title
   • All FHA and state agency loans
   • Delays caused by borrower should additional documentation be required after initial loan submission
   • Delays caused by third parties (including but not limited to sellers) providing, delivering or submitting required documentation on behalf of the applicant(s)
   • Product changes, counteroffers, loan type changes
   
   All mortgage loans applications are subject to credit approval. Only closed and funded loans for which the Bank did not meet the Commitment Guarantee qualify for the $1,000, closing credit. This offer may be withdrawn at any time without notice and may not be combined with any other offers. Please consult a Webster Mortgage Bank Officer for more details.
2. 3 Day Guarantee Program Overview: Webster Bank guarantees to provide a response to a mortgage application within 3 days, excluding Saturday, Sunday and Federal Holidays from the date of receiving a "completed application" by an applicant(s). Should 3 days be exceeded, the applicant(s) will receive $100 for every business day beyond 3 days up to a total maximum of $500. When an application includes more than one applicant, the total maximum is $500. All loans are subject to credit approval. Only closed and funded loans qualify for up to $500, credited at closing.
   Refer to additional important information contained below.
   Completed Application: A "completed application" is defined as an oral or written request for credit in which Webster received all "required information and documentation" to evaluate the application for the amount and type of credit requested.
   Required Information and Documentation: In addition to the oral or written request for credit, required information and documentation from the applicant(s) includes but is not limited to: fully executed sales contract, pay stubs, W-2 statements, tax returns, and any other type of verification necessary to substantiate income, asset verification, and any other additional information requested by Webster. Failure to provide the required information and documentation with the initial completed application will cause a delay in the Mortgage Guarantee process. The applicant(s) is responsible for providing the required information and documentation to Webster for meeting the requirements of a completed application. Any delays due to an incomplete application are not covered in the Mortgage Guarantee. The Mortgage Guarantee does not cover delays caused by third parties delivering required documentation on behalf of the applicants.
   Additional Important Eligibility Information: To be eligible for the 3 Day Guarantee, the application must be for a 1 to 4 family, primary residence or second home. The Guarantee is only available in CT, RI, MA and Westchester County, NY. Loan amounts over $1,000,000 are excluded. Certain mortgage products may not be eligible for the Guarantee. Please consult a Webster banker for more details.
   Decision Notification: A decision will be mailed within 3 days. When an application includes more than one applicant, only one applicant will be notified. Feel free to call your Mortgage Banking Officer for your decision status. This offer may be withdrawn at any time without notice and may not be combined with any other offers
3. Annual Percentage Rate (APR) on a Webster Fixed mortgage is listed as an example only and does not represent a guaranteed rate by Webster bank. Rate quoted is valid as of the effective date listed on the mortgage rate page. Rates are subject to change at any time. Please call 1-877-892-4798 or visit WebsterBank.com to check the latest rates. Rate includes a 0.125% discount for automatic payments (ACH) made from a Webster consumer checking account. If the ACH is terminated at any time, the rate will increase by the amount of the discount given. This discount does not apply to Government Assisted Mortgages. All loans are subject to the credit approval process. This offer is subject to change without notice and may be withdrawn at any time.
4. Annual Percentage Rate (APR) on a Adjustable Rate mortgage is listed as an example only and does not represent a guaranteed rate by Webster Bank. Rate quoted is valid as of the effective date listed on the mortgage rate page. Rates are subject to change at any time. Please call 1-877-892-4798 or visit WebsterBank.com to check the latest rates. Rate quoted is a variable rate and will change annually after the initial fixed period. The interest rate will be determined by adding the index to the margin. Rate includes a 0.125% discount for automatic payments (ACH) made from a Webster personal checking account. If the ACH is terminated at any time, the rate will increase by the amount of the discount given. This discount does not apply to Government Assisted Mortgages. All loans are subject to the credit approval process. This offer is subject to change without notice and may be withdrawn at any time.
5. Annual Percentage Rate (APR) on a Webster Jumbo mortgage is listed as an example only and does not represent a guaranteed rate by Webster bank. Rate quoted is valid as of the effective date listed on the mortgage rate page. Rates are subject to change at any time. Please call 1-877-892-4798 or visit WebsterBank.com to check the latest rates. Rate assumes a loan amount of $417,000 or greater and automatic payments (ACH) made from a Webster personal checking account. If the ACH is terminated at any time, the rate will increase by 0.125% for loan amounts up to $1,000,000. There are no ACH discounts for loan amounts over $1,000,000. This discount does not apply to Government Assisted Mortgages. All loans are subject to the credit approval process. This offer is subject to change without notice and may be withdrawn at any time.