Personal Banking

Mortgages & Home Equities

Our Residential Lending Specialists are ready to assist you with your mortgage needs, contact one of our local branches today.

Branch Locations and Contacts

First-Time Homebuyer Programs Available

As a first-time homebuyer you may qualify for advantages such as reduced closing cost, down payments as low as 3%, down payment assistance and reimbursement for Homebuyer Education. Our lending experts are committed to helping you explore all of your options in order to find the financing that makes your home ownership dreams come true.

FHLB Grant Programs Available

In partnership with Federal Home Loan Bank of Boston, Savers Bank offers both the Equity Builder Grant (EBP) and the Housing Our Workforce Grant (HOW) Programs. Supplementing your home purchase with a grant gives you more buying power by providing additional funds for down payment and closing cost.


Buying or refinancing a home? Looking to do some major renovations? We can help with our Simply Better mortgage and home equity solutions.

Mortgage Options

Fixed Rate Mortgage

Rate and payments are fixed for term of the loan. These types of loans provide predictability in monthly payments throughout the life of the loan.

  • Flexible terms available
  • Owner Occupied 1-4 Family Properties
  • Construction Loans – Fixed rate throughout the loan
  • Jumbo Loans – One rate, one loan, no maximum loan amount
  • Available for purchases, refinances and construction

Adjustable Rate Mortgage

Interest rate and payment may change at periodic times during the term of the loan. This type of loan can be a good choice for borrowers looking to save money during the early years of the loan or planning to move or refinance in a few years.

  • Various terms available to fit your needs
  • Available for purchases and refinances

Construction Mortgage

  • Fixed rate throughout the construction phase and for the entire term of the mortgage
  • Interest rate will never change
  • Financing offered for up to 90% of the value of the home
  • Act as your own general contractor
  • Pay interest only during construction
  • Flexible construction periods

Mortgage Loan Officer NMLS List [PDF]

Home Equity Lines of Credit and Fixed Rate Loans

Home Equity Line of Credit

A convenient and flexible source of funds using the available equity in your home which you can access at anytime simply by writing a check. A line of credit is a great way to finance periodic expenses such as emergency repairs, college tuition, or home remodeling projects. You only pay interest on the funds you actually use, and you have the flexible payment options available.

  • No closing costs
  • Adjustable Interest Rate equal to the Prime Rate as published in the Wall St. Journal on the last business day of each month
  • Minimum APR is 4.00% / maximum APR is 18.00%
  • Flexible payment options available
  • Minimum loan amount is $25,000 / maximum $500,000
  • Owner occupied 1-4 family properties
  • Pay-down principal balance (to zero) at any time without penalty
  • $500.00 Early Termination Fee applies if you payoff and close the line of credit within three (3) years of the date you signed the note and mortgage
  • Homeowners insurance on the property securing the line is required

Home Equity Fixed Rate Loan

Access your home's available equity with a fixed rate, term and payment for the entire life of the loan. Fixed Equity loans are ideal for a large one-time purchase or debt consolidation.

  • Fixed interest rate
  • Monthly principal & interest payments
  • Flexible terms available
  • Minimum loan amount is $10,000
  • Owner occupied 1-4 family properties
  • No prepayment penalty
  • No closing costs other than the appropriate registry recording fee
  • Homeowners insurance on the property is required


Visit our mortgage center for tools and resources to help with making the best choice for you or to apply online.