With a home loan from Pentucket Bank, your loan stays where you live. Whether you’re buying a new house or refinancing your current home, every part of the
process is done locally, because home is where the heart is.
process is done locally, because home is where the heart is.
Fixed & Variable Rate Mortgages
To meet your goal of buying a home, it’s important to know which mortgage is right for you. We’ll go over the different loan types, from first-time homebuyer to investment property financing, and help you decide on a solution that fits your needs today and in your future.
To meet your goal of buying a home, it’s important to know which mortgage is right for you. We’ll go over the different loan types, from first-time homebuyer to investment property financing, and help you decide on a solution that fits your needs today and in your future.
- Local decision-making and servicing
- First Time Homebuyer and Affordable programs available
- Primary Residence, Second Homes, Jumbo and Investment Property financing
Affordable Homebuyer Programs
First-Time Homebuyer Program
Enjoy customized support for your first home purchase including a discount off your rate and up to $500 closing cost credit with the completion of a homebuyer education and counseling course. We're invested in making owning a home more affordable for you, and we're looking forward to making your dreams a reality.
Low-to-Moderate Income Program
Supporting you is what we do. With a minimal down payment and a discount off your interest rate, homeownership can be a reality.
Construction Loans
Financing the construction of a new home can be easy. We take the concept of keeping it simple to heart with a single closing for construction loans that then require "interest-only" payments during construction. Once the home is finished, your loan is to an amortizing mortgage, but without the need to close again.
Home Mortgage Disclosure Act Notice
The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau's website (www.consumerfinance.gov/hmda).
 Calculate your monthly payment and see how the principal is paid over time.
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 Calculate the difference between renting and buying a home.
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 Calculate the APR for fixed-rate or adjustable-rate loans.
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 Determine if you can consolidate your debt by combining it with your home mortgage.
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 Find out how soon you can pay off your mortgage by making a prepayment.
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Determine the additional monthly payment amount needed to pay off the loan sooner.
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Find out how long it will take to "break-even" on a refinanced loan.
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Determine the estimated tax savings with a new loan.
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