From custom built dream homes to that first condo, we love working with our neighbors on projects of any scale or complexity. Every East Cambridge loan includes a dedicated lender available to you every step of the way, ready to provide as much or as little guidance as you would like.
Home purchasing and mortgage options at East Cambridge:
Features & Benefits of an East Cambridge Savings Bank Mortgage:
- A variety of financing options and terms so you can choose the one that suits your needs
- Portfolio and secondary market programs (Fannie Mae, Freddie Mac)
- Knowledgeable residential loan officers who can help guide you in the mortgage process every step of the way
- Pre-approval commitment program provides you with the strongest letter available, making your offer more competitive, particularly with cash offers
- An easy and convenient online application
East Cambridge Savings Bank Mortgage Options:
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Conventional / Agency Mortgages |
First-Time Homebuyer Mortgages |
Portfolio Mortgages |
Perfect for... |
These programs often offer the lowest rates and are frequently selected by buyers with stable income and good credit history |
A buyer who needs to make a smaller down payment |
A buyer who wants their loan serviced locally by ECSB |
Features |
Often have the lowest rates |
- Provide options for small down payments
- May have income restrictions
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Larger fixed-rate loans and competitive adjustable-rate mortgages (ARMs) |
Products |
- Fixed-rate mortgages
- Adjustable-rate mortgages (ARMs)
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- Fixed-rate mortgages - FTHB
- Adjustable-rate mortgages - FTHB
- Mass Housing Partnership One Mortgage
- FHLB Equity Builder
- FHLB Housing our Workforce
- MHP MassDreams
- Arch Community Heroes
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- Conforming fixed-rate mortgages
- Jumbo fixed-rate mortgages
- Adjustable-rate mortgages (ARMs)
- Investment property mortgages
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Contact a Lender
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Contact a Lender
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Contact a Lender
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Loans that leverage your equity:
Options for your current loan:
Homebuying Seminar:
- In the market for a new home? Learn everything you need to know from local experts at East Cambridge Savings Bank
- Click here to register for a virtual homebuying seminar or watch our webinar
- Get a $1,000 Closing Cost Credit when you attend a First-Time Homebuying Seminar2
Whether you’re a first-time homebuyer looking for a mortgage, an existing homeowner who wants to refinance or are simply comparing mortgage rates, East Cambridge Savings Bank offers a range of competitive fixed-rate and variable-rate mortgage solutions for residential mortgages.
1Variable Annual Percentage Rate (APR) is subject to change. The APR will be based on The Wall Street Journal Prime Rate (Prime) published on the last Bank business day of each month. As of 3/18/2024, the Prime Rate was 8.50%. Minimum 4.99% APR; maximum 18% APR. If the monthly payment is automatically deducted from an East Cambridge Savings Bank (ECSB) checking/savings account, APR will equal Prime - .51%, currently 7.99% APR. If the monthly payment is not automatically deducted from an ECSB checking/savings account, APR will equal Prime + 1%, currently 9.50% APR. Minimum line $25,000; maximum line $250,000. Maximum combined loan-to-value based on satisfactory value of the property as determined by East Cambridge Savings Bank equaling 75%. Early termination fee equal to ECSB closing costs (approximately $0 to $900) applies if the line is closed within the first 24 months. All lines will be assessed a $50 annual fee. Property insurance required, including flood insurance if applicable. Property must be in Massachusetts. Properties where title is held in trust are not eligible. Maximum term is 240 months. Minimum payment of interest-only during the 120 months of line access (draw period). Principal and interest payments during the 120 months of no line access (repayment period). Other restrictions may apply. Offer subject to change without notice. Subject to credit approval.
2Seminar attendees who apply for our First-Time Homebuyer Loans will receive a $1,000 Closing Cost Credit toward an East Cambridge Savings Bank mortgage for property located in Arlington, Belmont, Cambridge, Chelsea, Everett, Lexington, Lynn, Malden, Medford, Newton, Revere, Saugus, Somerville, Waltham, Watertown, Winchester, and Woburn (good for one year from event). Closing Cost Credit subject to credit approval.