Keep your monthly payments low with a 40-year mortgage* to make owning a home easier than ever.
Your rate adjusts every five years over your 40-year term, making monthly payments much more affordable.
Your APR is based on the down payment. We will be sure to walk you through all of your rate options so you get the financing that works best for you.
Work with the same expert from application to closing, available to you directly by text, phone and email.
Buying your first home? Congrats! We have a number of mortgage programs designed to help you pursue this milestone with ease:
Our 5/5 ARM with a 40-year term makes owning a home even more feasible than ever before.
Contact us today so we can understand your situations and give you the best advice on our products.
The easiest way to pay your NB mortgage from your NB Checking Account is through NB Online Banking or NB Business Online Banking by completing a transfer from your checking account to your mortgage.
Yes, you may complete an ACH Agreement in order to do so. Call our Loan Servicing Department at (781) 474-5802 or complete the Authorization Form. Please forward the form to the Loan Operations Department via US Mail or email us at LoanOperations@NeedhamBank.com
Payment changes result from an adjustment to your interest rate or your escrow payment. Our Loan Operations Department will assist you in providing answers to all your questions. Please contact us by calling (781)474-5802 or by email at LoanOperations@NeedhamBank.com
*As of November 1, 2023, the payment information provided below assumes the purpose of the loan is to purchase a property, with a loan amount of $647,200 and an estimated property value of $809,000. The property is an existing single family or condominium unit located in Massachusetts. The assumed credit score is 740.
At a 6.875% initial interest rate, the Annual Percentage Rate (APR) for this loan type is 7.260%, subject to increase. The estimated payment schedule would be:
Payment examples above do not include taxes or insurance, which are both required.
*This is an estimated fully indexed rate this loan could adjust to after the initial 60 month period.
The loan sample above is for example purposes only and may not reflect the current interest rate or APR. Actual payments may be greater. If an escrow account is required or requested, the actual monthly payment will also include an amount for real estate taxes.
