Skip to Main Content
Needham Bank Logo
Locations
  • Personal Banking
  • Business Banking
  • Personal Credit Card
  • Business Credit Card
Customer Care Center: 781-444-2100
  • Contact Us
  • About
  • Community
  • Careers
  • Enroll in Online Banking
  • Personal Banking
  • Business Banking
  • Personal Credit Card
  • Business Credit Card
Enroll in Online Banking
Needham Bank Logo
Small Needham Bank Logo
  • Overview

    Checking

    • NB Debit Mastercard®
    • NB Money Management
    • Zelle® - Send and Receive Money

    Savings

    • Interest Rates
    • Super Saver Money Market
    • NB Money Market
    • Personal CDs and IRAs
    • NB Statement Savings

    Online & Mobile Banking

    Wealth Management

    Consumer Loans

    • Home Equity Line of Credit (HELOC)
    • Overdraft Protection Line of Credit
    • Personal Loans
    • Auto Loans

    Credit Cards

    • NB Rewards Mastercard®
    • NB Credit Advantage Mastercard®

    Residential Loans

    • First-Time Home Buyer Program
    • Fixed-Rate Mortgages
    • Adjustable Rate Mortgages
    • 40-Year Mortgage*
    • Community Loan Program
    • Construction-to-Permanent Mortgages
    • Home Equity Line of Credit (HELOC)
    • Jumbo Mortgages
    • Portfolio Loans
    • NB WealthBuilder Mortgage
    • Residential Loan Rates
    • Mortgage Calculators
    • Meet the Residential Lending Team

    Learn

    • Calculators & Tools
    • Knowledge Center
    • Fraud Prevention Tips

    Quickly open a Checking, Savings, CD or Money Market online in just 5 minutes. Open an Account Now

  • Overview

    Checking

    • NB Business Checking
    • NB Corporate Checking

    Savings

    • NB Business Money Market
    • NB Business CDs
    • Simplified Employee Pension (SEP) IRAs

    Credit Card

    • NB Business Rewards Mastercard®

    Online & Mobile Banking

    Cash Management

    Features include:

    • Cash Flow Management
    • Collections/Receivables
    • Disbursements/Payables
    • Fraud Prevention
    • Direct Connect for Quicken and Quickbooks

    Municipal Banking

    Wealth Management

    ZDeposit

    ZRent

    Commercial Banking

    • Commercial Real Estate Loans
    • Small Business
    • Middle Market
    • Structured Finance
    • Cannabis Banking
    • Meet our Commercial Team Leaders

    Learn

    • Business Resource Center
    • Business Banking Client Profiles
    • Knowledge Center
    • Fraud Prevention Tips

    Loans & Lines of Credit

    • Business Loans
    • Business Overdraft Protection
    • Construction Loans
    • Small Business Administration (SBA) Loans
    • Small Business Term Loan
    • Commercial Real Estate Loans

    Partner with Needham Bank experts who are invested in your success.

  • Knowledge Center
  • Client Resources

    • Client Resources
    • Avoid Overdraft Fees
    • Banking Holidays
    • Frequently Asked Questions
    • News
    • Reorder Personal Checks
    • Reorder Business Checks
    • Schedule of Charges

    Contact Us

    • Employee Directory
    • Find a Branch
    • General Inquiries
    • Loan Services
    • Online Banking Help
    • Send a Message

    Frequently Asked Questions

    • I lost my NB Debit Card but the bank is closed. Is there a number I can call?
    • What is Needham Bank's routing number?
    • How do I enroll in Online Banking?
    • How do I avoid overdraft fees?
  • Learn

    • Protect Your Accounts
    • Fraud Recovery Checklist
    • Protect Yourself from Popular Fraud Scams
    • Mailbox Fishing Scams
    • Fraud Prevention Articles

    Contact Us

    • Employee Directory
    • Find a Branch
    • General Inquiries
    • Loan Services
    • Online Banking Help
    • Send a Message

    Frequently Asked Questions

    • I lost my NB Debit Card but the bank is closed. Is there a number I can call?
    • How do I report fraudulent activity on my account?
    • What is Needham Bank's routing number?
    • How do I enroll in Online Banking?
  • Contact Us
  • About
  • Community
  • Careers
  • Enroll in Online Banking
Customer Care Center: 781-444-2100

Understanding Needham Bank’s Community Loan Program

Posted on 11/18/2022

Everyone deserves a home to call their own. That’s why we have a Community Loan Program to help make your dream a reality, especially when it seems out of reach. The program makes it easier to qualify for a loan, with reduced interest rates and closing cost for those who qualify.

What is Needham Bank’s Community Loan Program?

Needham Bank’s Community Loan Program creates a path towards achieving home ownership, specifically for customers who may have previously felt this milestone would be unattainable. Our program is ideal for those with newly established credit, first-time homebuyers and even those who are seeking to refinance their existing mortgage at a different rate.

What are the benefits and features of the Community Loan Program?

The Community Loan Program can be used whether you are purchasing or refinancing a come. The program included:

  • Discounted interest rates

  • Reduced closing costs (Needham Bank will pay all of the closing costs except for escrows and owner’s title insurance)

Am I eligible for the Community Loan Program?

The Community Loan Program does carry some restrictions including a maximum income threshold and geographic requirements. The program is available in the following areas: Ashland, Belmont, Brookline, Cambridge, Dedham, Dover, Everett, Framingham, Franklin, Holliston, Hopkinton, Malden, Medfield, Medford, Medway, Milford, Millis, Natick, Needham, Newton, Norfolk, Norwood, Sherborn, Somerville, Walpole, Waltham, Watertown, Wayland, Wellesley, Weston, Westwood and all neighborhoods in the City of Boston.

Individual cases may vary, but we encourage you to speak with one of our loan officers for more information and to determine your eligibility.

What do I need to apply?

  • Federal tax returns from the past two years

  • Most recent paystub

  • Last two months of bank statements  

  • Listing of other debts (For example, student loans, car loans, credit cards, etc.)

How can I apply?

Please contact our loan officers to learn more about our Community Loan Program, have your questions answered and get started on the path towards home ownership. We will help you through every step of the process, and our lending team will be fully available to you throughout the duration of your loan.

Similar Posts

Calculating Your Monthly Mortgage Payment 8/30/2019
Tips for Increasing Your Credit Score Before You Buy A Home 8/30/2019

Knowledge Center

Category

  • All
  • Calculators
  • Borrowing
  • Fraud Prevention
  • Home Ownership
  • Managing Debt
  • Retirement & Wealth
  • Saving & Budgeting
  • Small Businesses
  • Students

PLEASE NOTE:

You are leaving the Needham Bank website. By clicking "Continue" below, you will enter a website created, operated, and maintained by a private business or organization. 

Needham Bank provides this link as a service to our website visitors. We are not responsible for the content, views, or privacy policies of this site. 

We take no responsibility for any products or services offered by this site, nor do we endorse or sponsor the information it contains. 

Continue to leave the Needham Bank site.
OR
Stay here to close this message.

  • Home
  • Locations
  • Contact us
  • About
  • Careers
  • Account Support & Safety
  • Privacy Policy
  • TERMS OF USE
Member FDIC Equal Housing Lender Member DIF
© 2023 All rights reserved. Powered by Getfused