We’re
the first stop
for First-Time Home Buyers
Great
Rates. No Points.
Buying
a home? We can help you qualify with a flexible mortgage program
designed for you – built around a great adjustable rate with
no points, no credit report fees, no appraisal fees, and lower closing
costs. In
the ten years since our First Time Home Buyers Program began, we
have written over 325 loans totaling $55,300,000!
Click
here for more information and first time home buyer rates.
You
have a choice…
Because
your rate doesn't change, a Fixed
Rate Mortgage
offers the security of fixed payments each month. An Adjustable
Rate Mortgage (ARM) usually
starts with a lower rate, but your monthly payments may increase
or decrease during the life of the loan as the rate does.
Time
to refinance?
Whether
for tax purposes or to reduce your monthly payments, refinancing
your existing mortgage
can be a smart move. Our home financing experts can help you decide
which program would suit your needs.
Reverse Mortgage Seminars
Breakfast Seminar |
When: |
August 27th |
Where: |
Bear Hill Golf Club
2 North Street
Stoneham, MA |
Time: |
8:30 am - 10:00 am |
| |
| Breakfast Seminar |
| When: |
September 23rd |
| Where: |
Jackson's Restaurant
478 Lowell Street, Rte. 110
Methuen, MA |
| Time: |
8:30 am - 10:00 am |
Although our seminars are complimentary, we ask that you reserve your seat in advance. Please contact Roberta to reserve yours today at 800-246-2008, ext 5368, or send her an email.
Reverse
Mortgages
An
opportunity to enjoy greater financial independence.
Retirement should be a time to live out your dreams, not a time
to worry about your finances. Which is why The Savings Bank offers
Reverse Mortgages, a financial option that can provide additional
security and peace-of-mind.
Available
to any homeowner 62 or older, these government-insured programs
let you:
• Turn the equity in your home into cash to use any way you
choose.
• Enjoy a source of tax-free income with no monthly payments.
• Continue to own your home.
• Qualify no matter what your income.
For more information,
or to see if a Reverse Mortgage may be right for you,
call Chris Grevelis at 781-224-5368.
A
mortgage loan just for municipal employees
The Savings Bank and the Mortgage Insurance Fund of
MassHousing are offering a unique loan program that will allow
low and moderate income municipal workers and other public workers
to purchase a home in the community where they work with
no down
payment.
The Municipal
Mortgage Program is available to the following full-time salaried
populations who are either a First Time Homebuyer or a Second
time Homebuyer (one who is selling an existing home to buy a home
in the city or town where he or she works):
• Municipal
employees
•
State
and county employees in the fields of public safety, law enforcement,
education, social services and health care.
•
Persons
employed by a non-profit organization in the fields of public
safety, law enforcement, education, social services and health
care.
Combined household
income cannot exceed 135% of the HUD median family income for
the city or town where the property is located. This amount may
vary from region to region.
Special features
of the program include:
•
Reduced
closing costs
•
No
application fee
•
No
credit report fee
•
No
appraisal fee
•
No
points
•
Flexible
underwriting guidelines
For more details
call Christine Bombaci, our Loan Officer at 1-800-246-2009, ext. 5369 and
take advantage of her expertise and experience to guide you through
the homebuying process.
And
that's not all…
At
The Savings Bank we have additional home financing programs including:
•
Construction
Loans
•
Jumbo
Mortgages
•
MassHousing
Mortgage Financing
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.
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