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.

  • 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 

 Conventional / Agency MortgagesFirst-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 historyA buyer who needs to make a smaller down paymentA 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
Larger fixed-rate loans and competitive adjustable-rate mortgages (ARMs)
  • Fixed-rate mortgages
  • Adjustable-rate mortgages (ARMs)
  • 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
  • Conforming fixed-rate mortgages
  • Jumbo fixed-rate mortgages
  • Adjustable-rate mortgages (ARMs)
  • Investment property mortgages
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  • Home Equity Lines with adjustable rates, flexible repayment periods, and easy access to funds when you need them
  • Apply online for a home equity line of credit 
  • Home Equity Line of Credit with rates as low as 7.49% APR* (fixed for the first 6 months with autopay, then variable at Prime - 0.51% with autopay thereafter)

*The introductory rate and Annual Percentage Rate (APR) of 7.49% are fixed for the first 6 months and require automatic payments made from an East Cambridge Savings Bank (ECSB) checking/savings account. After 6 months, the rate and APR are variable and subject to change for the remaining life of the loan based on the Wall Street Journal Prime Rate (Prime) minus 0.510% (currently 7.99%) if the monthly payment continues to be automatically deducted from an ECSB checking/savings account. If at any time the monthly payment is not automatically deducted from an ECSB checking/savings account, APR will be variable and equal Prime plus 1.00%, currently 9.50%. As of 4/10/2024, Prime is 8.50%. Minimum 4.99% APR, maximum 18.00% APR. An Annual Fee will be charged to your Credit Account annually during the Draw period in the Monthly Statement Period ending in your anniversary month which we assign to your Credit Account. Early termination fee equal to ECSB closing costs (approximately $0 to $900) applies if the line is closed within the first 24 months. Property insurance will be required. Rate only available for applicants without an existing ECSB HELOC. Minimum draw at closing of $10,000 required. Subject to credit approval.

  • 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 Seminar**

**Seminar 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.

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.

Still waiting for rates to drop?

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Home Equity Line of Credit

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East Cambridge at Your Service

  • Jennifer DiBari Image

    Jennifer DiBari

    Residential Loan Officer
    NMLS ID: #16524
    Email Jennifer
  • Lisa Gravallese Image

    Lisa Gravallese

    Residential Loan Officer
    NMLS ID: #49506
    Email Lisa
  • Mark Kirby Image

    Mark Kirby

    Residential Loan Officer
    NMLS ID: #19990
    Email Mark
  • Roger Martorana  Image

    Roger Martorana

    Residential Loan Officer
    NMLS ID: #476733
    Email Roger
  • Michael O'Donnell Image

    Michael O'Donnell

    Residential Loan Officer
    NMLS ID: #645801
    Email Michael
  • Patricia Rizzo Image

    Patricia Rizzo

    AVP, Residential Loan Officer
    NMLS ID: #477127
    Email Patricia
  • Mark Simone  Image

    Mark Simone

    Sales Manager - Residential Loan Officer
    NMLS ID: #613257
    Email Mark