NB WealthBuilder Mortgage

Purchase a home and start building equity fast even if you haven’t saved enough for a down payment. That’s how our NB WealthBuilder Mortgage got its nickname, the No Down Payment Mortgage.

Benefits & Features

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5-year rate adjustment period

Your rate adjusts every five years over your 40-year term, making monthly payments much more affordable.

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No down payment

With no down payment required, you may be closer to owning a home than you think.

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Dedicated residential lending expert

Work with the same Needham Bank expert from application to closing.

Have you already applied?

Check the status of your application now.

Open the Doors to Your Home Buying Dreams Sooner With a WealthBuilder Mortgage!

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.

Frequently Asked Questions

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


Should You Rent or Buy a Home?

Let Needham Bank help you decide whether to buy or rent your next home in MA. We can help you determine if you are ready to acquire a home loan and more.
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The Annual Percentage Rate (APR) is 7.342% as of May 1, 2024 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 $5,088.33 at 7.125%, followed by 180 payments of $5,186.79 at 7.375%. Payments listed do not include taxes or insurance- your payments may be higher. Subject to credit approval and subject to change without notice. Minimum FICO score 700 required. NMLS #2141744