Mortgage Loans

Meet Our Mortgage Lenders

Whether you are considering shopping for your first home, buying a new home or refinancing an existing mortgage, we are here to help.

Meet Our Lenders

Mortgage Loan Programs

Unlock your potential with the right financing for you. We know borrowing money can be stressful, so bankESB makes it easy to compare terms and find a loan that helps make the homebuying process simple and stress-free.

Fixed-Rate Mortgages

For prospective homebuyers who are more comfortable with the same monthly payment over the life of their loan, locking in a fixed-rate mortgage could be the right answer. Choose the term that fits best with your financial goals.

Consistent mortgage payments
Flexible terms
Zero point options available

Apply Now View Rates

Adjustable-Rate Mortgages

An adjustable-rate mortgage (ARM) usually starts with a lower rate than a fixed-rate loan, which means a lower initial principal and interest payment for greater purchasing power. The introductory fixed-rate period is then followed by rate adjustments, based on a predetermined margin and a defined index, that are capped at each adjustment and for the life of the loan.

Start with lower payments that will adjust to market conditions at a future specified date
Periodic and lifetime caps are provided to protect you from market fluctuations
Flexible terms
Zero point options available

Apply Now View Rates

First-Time Homebuyer Program

Buying your first home is a big step. Let us work with you to help make your homebuying plans a reality. We can help you explore your options to find the financing solution that works for you. What’s more, as a first-time homebuyer, you may qualify for advantages like these:

Reduced closing costs
Low down payment
Flexible qualifying guidelines
Zero-point options available
Available for 1- to 4-family homes and condos

Apply Now

Construction Loans

Building a new home? We’ll help you from start to finish. Our construction loan offers special benefits, flexible terms, and competitive interest rates that help make your payments affordable—both while you’re building and after you move in. Upon completion of the home, the loan will convert to a fully amortizing mortgage—without the need for a second closing.

One closing
Adjustable rates
Flexible terms
Zero point options available

Apply Now View Rates

Flexible Mortgage Programs

Homeownership is part of the American dream. bankESB offers a variety of mortgage programs to help make the path to home ownership possible for low- and moderate-incomes families.

MassHousing Affordable Mortgage Program

We’re proud to partner with MassHousing to help qualifying low- and moderate-income borrowers realize the dream of owning their own home.* MassHousing offers easy-to-understand, fixed-rate mortgages as well as special programs for first-time buyers and military families who are purchasing an owner occupied, 1- to 4-family home or condominium.

Down payment assistance is available to qualified borrowers.
Financing for both the purchase of a home and renovation costs, with a single monthly mortgage payment.
Discounted mortgage insurance premiums for income-eligible borrowers that include MI Plus payment protection at no additional cost: If the buyer loses their job, MassHousing may cover principal and interest for up to 6 months (up to $2000 per month).
First-time buyers may also receive low and no-down payment options along with educational resources and access to certified home buyer education providers.
Special programs are available for active duty military, veterans, reservists, National Guard, and Gold Star Family members, as well as for first-time buyers in one of 26 gateway cities.

*Subject to Mass Housing Mortgage Guidelines. Income limits and down payment assistance vary by community.

Apply Now View Rates

Affordable Housing Program

Our Affordable Housing Program features a 7/3 adjustable-rate mortgage that starts out with a low fixed rate for seven years, which is then adjustable every three years thereafter. What’s more, the program requires as little as 3% down*.

In general, adjustable-rate mortgages are a good choice if you:

Plan to move or sell your house before the end of the fixed-rate period, so you aren’t concerned about possible rate increases.
Want an initially lower starting rate and monthly payment than a fixed-rate mortgage typically offers.
Believe that interest rates may decrease in the future.

*Click on view rates for more information.

Apply Now View Rates