Home Loans  

Fixed Rate Mortgage

Ideal for people who are looking for a fixed interest and principal amount for the life of the mortgage. Fixed rate mortgages have an interest rate that remains constant for the entire duration of the loan. This kind of loan is best if you can afford a slightly higher mortgage payment, have good credit and want to make sure your interest rate will not rise in the future.

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Printable Mortgage Application
Mortgage Rates
 

Adjustable Rate Mortgage

This is a sensible choice for people who are looking for a lower, more affordable payment and/or who do not intend to hold onto their mortgage for a long period of time. These mortgages periodically have an interest rate change based upon the 1 year FHLB rate. ARM's offer lower initial interest rates with the risk of rates increasing in the future, however our ARM's have an annual cap of 2% and a lifetime cap of 6% to protect you from a steep increase in rates.

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Printable Mortgage Application
Consumer Guide to Adjustable Rate Mortgages.
Mortgage Rates
ARM Program Disclosures
 

Home Equity Lines of Credit (HELOC)

Our Home Equity Line of Credit is a revolving line of credit, which allows you to borrow, repay and then borrow again by simply writing a check. Payments are interest only base on the amount you have drawn down, which can help when on a tight budget. However payments on your principal balance are always encouraged so you can keep reusing your line as needed.

Loan Amounts from $10,000 up to $24,999

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Printable Equity Line Application
What You Should Know About Home Equity Line of Credit
Equity Rates

Loan Amounts from $25,000 up to $500,000

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Printable Equity Line Application
What You Should Know About Home Equity Line of Credit
Equity Rates

We build to suit - The Newburyport Five Cents Savings Bank offers many different loan options that can be tailored to fit your unique needs. A Loan Officer can tell you more - just call us at 978-462-3136.

Coastal is a non-profit program that helps to make homeownership a reality!

We offer discounted fee programs for those who qualify. We have partnered with Coastal First Time Homebuyers Program along with the Town of Amesbury to help educate and offer our knowledge and expertise. Please contact us for details.

To learn more call us or send us an email.