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Phone: 978-283-0246

First Time Home Buyers Program


Our primary market is Cape Ann, Massachusetts

We employ a staff of mortgage specialists who are on hand to answer your questions, and they can work with you to find a mortgage or loan option that leaves you feeling confident and satisfied.

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Mortgage payments per $1,000.00 do not include taxes and insurance. The actual payment obligation will be greater.

Mortgage First Time Home Buyers Program
TypeTermInterest RatePointsAnnual Percentage
Rate (APR)
Monthly Payment per $1,000
7/1 ARM 30 Years 3.625% 0 3.95%* 84@ $4.56 276@ $4.85
10/1 ARM 30 Years 3.750% 0 3.94%* 120@ $4.63 240@ $4.84
*Annual Percentage Rate based on 5% down payment with private mortgage insurance.

Available to first time homebuyers (affidavit required) for the purchase of 1 - 4 family, owner occupied residences.
Minimum down payment 5% (own funds); Primary Mortgage Insurance may be required on loan to value ratios in excess of 80%.
Qualifying income ratios: 33% and 38%.
1% Cap per adjustment, 5% Lifetime Cap

Mortgage Calculator


Rates are applicable as of 7/23/2017.