NB Residential Mortgages

As a community-focused mutual institution, we believe in serving the needs and fostering the aspirations of residents in the communities we serve. Residential lending, by that measure, should be and is one of our core business activities. We want people to know that we not only offer very competitive mortgage rates, both fixed and adjustable, but also unique options for discerning buyers, all with a superior level of service and expertise.

We recognize that for most individuals, getting a mortgage may be the single most important financial decision they make. For that reason, we’ll be with you through every step of the process to ensure your mortgage experience at Needham Bank exceeds expectations. To meet this goal, our mortgage customers are provided with their personal lender’s direct contact information so they can call, text, or email at any time.


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Construction-to-Permanent Mortgages

Maybe you’ve found your ideal piece of property but the current home on the lot is underwhelming. Or you love where you live, just not the home you live in. Maybe you’d like to purchase a parcel of land and build a custom-spec home. This unique product teamed with our expertise is the ideal combination for you.

Designed with the discerning buyer in mind, our Construction-to-Permanent mortgage product lets our customers leverage our history and expertise in the construction industry. We’ll work with you to make sure your plan, partners, and end game vision are sound and then work together to make it a reality.

Plus, you can enjoy the convenience of only one closing and loan process where most other banks would require two. During the construction period, typically 12 months of less, you will only pay interest only on the funds drawn. When the home is complete, the loan automatically converts to a conventional mortgage. Talk to us and let’s get started on achieving your vision.

For more information on our Construction to Permanent mortgage product, please click here.

For rates and specific terms and conditions, please contact Frank Driscoll, NMLS # 779398, or Sarah Collins, NMLS # 1185393, from our Residential Construction Team.

Builder-to-Buyer Program

We’ve been long known as “The Builder’s Bank” within the construction industry. This is a reputation we’re proud of and have built a unique mortgage program around. Since we work with many builders and contractors, the complexities of this industry are first-nature to us. Our Builder-to-Buyer program takes this expertise to the next level by offering potential buyers special financing options, including lower rates and fast track financing. Work with us to on a Builder-to-Buyer loan and discover exclusive opportunities for your new home.

Schedule a call with one of our Residential Lenders to learn more.

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Fixed Rate Mortgages

Traditionally the most common type of loan, fixed rate mortgages feature monthly principal and interest payments that never change during the life of the loan. Offering competitive rates  and options for reduced closing costs, fixed rate mortgage from Needham Bank is ideal for borrowers who would like a consistent rate with a choice of repayment period.

Schedule a call with one of our Residential Lenders learn more.

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Jumbo Mortgages

You’re looking for your dream home, or maybe you’ve found that piece of property you want. Now let’s partner together on the financing. Whether you’re looking to buy a $2,000,000 or a $10,000,000 home, NB Jumbo Mortgages offer a variety of terms and competitive rates to conveniently make your dream a reality. And with Needham Bank, you know you’ll get a single dedicated lender who will work with you from application all the way through your closing and move-in date. 

Schedule a call with one of our Residential Loan Officers today.

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Adjustable Rate Mortgages (ARM)

For certain clients, it’s a priority to get your monthly payment as low as possible in the early years of the loan. NB Adjustable Rate Mortgages will do that for you by offering an initial lower interest rate when compared to a typical Fixed Rate Mortgage option. Customers can choose from a various adjustment periods, with lifetime caps that are competitive and often extremely attractive. And as always, you’ll have a dedicated personal lender to work with from application to closing, available to you directly via text, phone, email, or to visit with at any time. Call us and let’s get started on a partnership in financing your new home.

Schedule a call with one of our Residential Loan Officers to learn more.

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Please call for rates on non-owner occupied properties.

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First Time Home Buyer Program

Our First Time Home Buyer program makes it as easy as possible for you to buy your first home. We have over 125 years of helping our neighbors purchase homes and develop flexible lending options. Please let us work with you through every step of the home buying process to remove any uncertainties and concerns on your end. You will have a personal lender available at all times for you to call, text, or email directly. Let’s partner together on getting you in to that new home. We’re here to help.

Schedule a call with one of our Residential Lenders to learn more.

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