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An NB WealthBuilder Mortgage isn’t the only way to achieve your dream home:
Our unique 5/5 adjustable rate mortgage has no down payment requirement, simplifying your residential loan application process.
Plus, with a shorter term, you’ll be able to build equity at a faster rate, making the investment in your home a true wealth builder.
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.
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
The Annual Percentage Rate (APR) is 7.280% as of December 1, 2023 and is based on a 0% down payment. Available for owner occupied single family or condominium primary residences in the Needham Bank CRA lending area only. Maximum loan size $850,000 at 97%-100% LTV. Private Mortgage Insurance (PMI) required which may result in a higher APR. The maximum rate adjustment is 5% above the initial interest rate. Rate may increase every 60 months. For a loan amount of $650,000, estimated principal and interest payment: 60 payments of $5,039.44 at 7.000%, followed by 180 payments of $5,039.44 at 7.000%. Payments listed do not include taxes or insurance. Subject to credit approval and subject to change without notice. Minimum FICO score 700 required. NMLS #2141744