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Loans

• Adjustable Rate Mortgages (ARMs) and Fixed Rates with a variety of terms and options
• Flexible First-Time Homebuyers Program
• Investment Property Loans
• Owner-Occupied Construction Loans
• Rehabilitation Loans
• Pre-approval process available so you can move quickly once you find the home 
• Refinance or purchase
• Apply online for a mortgage loan
• Contact us now to inquire about our current rates ​

• 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 

• 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.

• Refinancing to help you lower monthly payments, shorten a loan term, or to consolidate debt
• Apply to refinance online

• 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.