Whether you are considering shopping for your first home, buying a new home or refinancing an existing mortgage, we are here to help.
NEW! Request an appointment online to meet with a Mortgage Lender at the office location nearest you.
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.
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.
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.
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:
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.
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.
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.
*Subject to Mass Housing Mortgage Guidelines. Income limits and down payment assistance vary by community.
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:
*Click on view rates for more information.
bankESB participates in the Federal Home Loan Bank of Boston’s 2021 Equity Builder Program (EBP) and Housing Our Workforce (HOW) programs. These programs provide grants through approved lenders that assist lower income homebuyers with certain costs associated with buying a home.
For 2021, we’re eligible to receive up to $150,000 in grants to borrowers through this program, depending on availability of funds.*
*Buyers must complete a homebuyer counseling and education program. Funds are limited and available on a first-come, first-served basis. Loans subject to credit approval.
For 2021, we’re eligible to receive up to $100,000 in grants to borrowers through this program, depending on availability of funds.*
*Buyers must complete a homebuyer counseling and education program. Funds are limited and available on a first-come, first-served basis. Loans subject to credit approval.
Receive up to $15,000 in grant money through the Equity Builder Program.
