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Fixed Rate Mortgages

Lock in a great rate that will remain consistent and enjoy predictable monthly payments for the loan term you select.

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  • Low rates
  • Low down payments
  • Various terms to choose from
  • Loan options available for both 1-4 family houses and condominiums

First-Time Homebuyer Programs

When you need help navigating the route to homeownership, our expertise and lending options will help you make your first home purchase with confidence. Take advantage of flexible lending terms and more affordable down payment options. Plus, we offer free First-Time Homebuyer Seminars on a regular basis where our experienced lenders share useful information and insights.

Mass Housing Programs

Do you think your homeownership goals may be out of reach? Think again. As a MassHousing approved lender, we have the resources to help low- and moderate-income buyers find a lending solution that will make those goals attainable.

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  • Borrowers may be eligible for MI Plus, a mortgage insurance program that will cover mortgage payments (P&I) for up to six months in the event of job loss during the first ten years in the home
  • Various fixed rate loans with low down payments available
  • Program options include:
    • MassHousing Purchase and Rehab
    • MassHousing Welcome Home

FHA Programs

Federal programs support the dreams of many borrowers by making home financing available and affordable. We will help you determine if you are eligible for an FHA loan and all the benefits that come along with it, including lower underwriting standards and rates.

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  • Low down payments
  • Competitive rates
  • Lower credit score requirements
  • Loans are assumable - eligible future buyers could benefit from inheriting a sellers FHA Loan

VA Programs

We are committed to helping veterans and their families become homeowners. You will work side-by-side with an experienced lender to determine your VA Loan eligibility and learn about a variety of benefits that are available to you through federal programs.

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  • Long term financing for eligible veterans
  • Flexible terms

ONE Mortgage

Eligible first-time buyers can gain a financial advantage with the ONE Mortgage Program. Confidently invest in your future and rest assured that your mortgage will be sustainable.

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  • Low down payments*
  • Low fixed interest rates
  • No costly Private Mortgage Insurance (PMI)
  • Only available in MA

*A minimum of 3 percent of the purchase price is required for condominiums, single and two-family properties. For a three-family property, a 5 percent down payment is required. All loans are subjected to credit approval.

HomePath Ready Buyer Program

The HomePath Ready Buyer Program is a great option for buyers who are looking to purchase a Fannie Mae foreclosure property. If you are interested in exploring the opportunities that this program offers, we will explain the ins and outs and help you determine if the property you are interested in qualifies.

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  • Low Down payment
  • No appraisal
  • No costly Private Mortgage Insurance (PMI)

Jumbo Loans

Are you in the market for a home mortgage that exceeds the borrowing limits of a conforming loan? Consider our Jumbo Mortgage option.

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  • Loans greater than the Federal National Mortgage Association (FNMA), commonly known as Fannie Mae limits
  • Accessible, experienced and local Mortgage Loan Officers
  • Competitive rates

Home Equity

Whether minor home improvements are needed or you want to tackle a major project, a Home Equity Line of Credit can provide you with the funds you need.

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  • Quick approval process
  • Finance up to 70% of the home's appraised value
  • Valid on owner-occupied, 1-2 family residential properties and single unit second homes
  • Use available equity for home repairs or improvements, tuition payments, bill consolidation, and more



Equity Builder Program

Through our Equity Builder Program, we are able to give qualifying first-time homebuyers extra financial support. Grant money* is available on a first-come, first-serve basis and can be used with many different home loan options.

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  • Grant money to is available for income-eligible** first-time homebuyers
  • Funds can be used to assist with down-payment or closing costs
  • Funds are awarded on a first-come, first-serve basis – while they last

*Grant is provided by StonehamBank.

**Buyers eligible to receive assistance through the Equity Builder Program are individuals and households earning no more than 80 percent of the area median income, based on the future address of a primary residence located in Massachusetts. To be eligible to receive assistance through the Equity Builder Program, buyers must attend homebuyer education courses. Interest would not accrue on the grant and the proceeds would only be due if the property is sold, transferred or refinanced within the first five years. Some restrictions may apply.

Meet the Lenders

Whether you're buying or refinancing, let the StonehamBank Mortgage Professionals help develop the home financing solution that works for you.

Our Mortgage Officers have the knowledge and experience necessary to advise you on which mortgage program will best suit your needs. Contact one of our Mortgage Officers today for low rates, personalized service and customized financing. They are available to meet with you weekdays, nights, or weekends to answer any questions you may have.

Other mortgage options are available. Contact a member of the StonehamBank Lending Team for help finding the mortgage that’s best suited to your unique needs – and budget.

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