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City/Town Employee Loan Program

The City/Town Employee Loan Program is available to full time employees working in the following cities/towns. This applies to both purchases and refinances of your primary residence:

  • Andover
  • LawrencePersonal
  • Lynnfield
  • Melrose
  • Methuen
  • Middleton
  • North Reading
  • Reading
  • Saugus
  • Stoneham
  • Wakefield
  • Wilmington

Special features of the program include:

Mortgage Loan

  • Free appraisal
  • Free credit report
  • Reduced closing costs
  • Call to apply - (800) 246-2009

Home Equity Line of Credit

  • No attorney fees
  • No flood certificate fee
  • No credit report fee
  • No automated value fee
  • No recording fee

Fixed Rate Equity Loan

  • .25% discount on our already competitive rate

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, Lawrence, 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.


Related Links

Mortgage Center
Retail Investments


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The Savings Bank  357 Main Street St, Wakefield, MA, 01880    Phone: (800) 246-2009    Fax: (781) 224-5482
DIFEqual Housing LenderFDIC