The Savings Bank - Personal Banking - Mortgages

Fixed, Adjustable, Jumbo & Refinance Options

Fixed Rate Mortgages

When you choose a fixed rate mortgage you enjoy the peace of mind of knowing exactly what your mortgage payment will be each month for the life of the loan.

Choose from 10 - 30 year options
0 to 2 point options
Finance up to 95% Loan to Value on a 1 and 2 family
Finance up to 80% Loan to Value on a 3 and 4 family
Principal and interest consistent each monthly payment

Adjustable Rate Mortgages

An adjustable rate mortgage can be ideal for those home buyers who do not plan to be in their home for more than 10 years and want to take advantage of a lower rate today.

Choose from a 3/3, 5/5, 7/1 or 10/1 Adjustable Rate Mortgage
Up to 30 year financing options
No Points
Low, competitive rates

Jumbo Rate Mortgages

For loan amounts greater than $500,000
Adjustable Programs
Up to 30 year financing options
Low, competitive rates

Construction/Permanent Mortgage

With a construction/Permanent Mortgage you get it all. One loan with one closing that provides for the financing to purchase your land, build your home, and when completed will roll into a permanent mortgage!

Choose from a 3/3, 5/5, 7/1 or 10/1 Adjustable Rate Mortgage
Special rates for 1 - 4 family up to $500,000
Special jumbo rates for 1 - 4 family greater than $500,000
Up to 30 year financing options

Refinance Loans

Reduce your monthly payment
Lower your interest rate
Choose from fixed and adjustable rate options

Our Lending Area

The Savings Bank may consider a real estate loan request for property located anywhere in the Massachusetts counties of Middlesex, Essex, Worcester, Suffolk and Norfolk. However, our Primary Lending Area, which is our CRA Assessment Area, is made up of the following towns: Andover, Lynnfield, Melrose, Methuen, Middleton, North Reading, Reading, Saugus, Stoneham, Wakefield and Wilmington.

The Savings Bank may also consider a real estate loan request for property located anywhere in the New Hampshire counties of Rockingham, Hillsborough and Cheshire.

Request an appointment!

An experienced mortgage specialist will walk you through the steps, answer all of your questions, and simplify the application process, while helping you decided which options make the most sense for you. For more information please click here to request information, or call a mortgage specialist at (800) 246-2009.