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Online Banking

Phone: 978-283-0246
  888-283-2272

Personalized Mortgage Banking Services

Our primary market is Cape Ann, Massachusetts.

 

Rates are applicable as of 8/23/2017.

Mortgage Adjustable Rate Products | Mortgage First Time Home Buyers Program
Mortgage Fixed Rate Products In HouseMortgage Fixed Rate Products - Sold | Mortgage Investment Property

When you're looking for mortgage banking services, Gloucester, MA, Manchester-by-the-Sea, MA, Essex, MA and Rockport, MA or elsewhere, it pays to choose a provider who will have your best interests in mind. At Cape Ann Savings Bank, we understand that our customers have unique needs and goals with regard to home ownership and property ownership. That's why we offer a choice of mortgage loans and other loan products so everyone who comes to us for mortgage banking services in Gloucester, MA can get the financing they need at terms that work for them.

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 Adjustable Rate Products
TypeTermInterest RatePointsAnnual Percentage Rate (APR)Monthly Payment per $1,000.00
3/1 ARM 30 Years 3.250% 0 4.02%* 36 @ $4.35 324 @ $4.87
5/1 ARM 30 Years 3.500% 0 3.98%* 60 @ $4.49 300 @ $4.86
7/1 ARM 30 Years 3.625% 0 3.95%* 84 @ $4.56 276 @ $4.85
10/1 ARM 30 Years 3.875% 0 4.02%* 120 @ $4.70 240 @ $4.86

Mortgage Calculator

*Annual Percentage Rate based on 20% down payment without private mortgage insurance.
Available for 1 - 4 family, owner occupied residences.
Other payment terms available.
1% Cap per adjustment, 5% Lifetime Cap
Indexed to the Federal Reserve Board listing the weekly average yields on US Treasury Securities adjusted to a constant maturity of one year plus a margin rounded to the nearest .125%. Ask for our current margin. 
Annual Percentage Rate is subject to change after consummation.
The APR (Annual Percentage Rate) is based on a formula using the interest rate, the term of the loan, and any initial rate discount/premium period.
Minimum down payment 5% (own funds).

 

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Mortgage First Time Home Buyers Program
TypeTermInterest RatePointsAnnual Percentage Rate (APR)Monthly Payment per $1,000.00
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

Mortgage Calculator

 
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 39%.
1% Cap per adjustment, 5% Lifetime Cap
Reimbursed cost of appraisal, credit report and flood determination.
Indexed to the Federal Reserve Board listing the weekly average yields on US Treasury Securities adjusted to a constant maturity of one year plus a margin rounded to the nearest .125%. Ask for our current margin.
Annual Percentage Rate is subject to change after consummation
The APR (Annual Percentage Rate) is to be based on a formula using the interest rate, the term of the loan, any initial rate discount/premium period and the initial and annual primary mortgage insurance premium.

 

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Mortgage Fixed Rate Products In-House
TypeTermInterest RatePointsAnnual Percentage Rate (APR)Monthly Payment per $1,000.00
10 Year Fixed 10 Years 2.990% 0 2.991% $9.65
15 Year Fixed 15 Years 3.250% 0 3.251% $7.03
20 Year Fixed 20 Years 3.875% 0 3.875% $5.99

Mortgage Calculator

Mortgage loans are intended to remain with Cape Ann Savings Bank.
Available to 1 - 4 family, owner occupied properties only.
Minimum loan $40,000.00
Minimum down payment 5% (own funds); Primary Mortgage Insurance may be required on loan to value ratios in excess of 80%.

Notice to All Online Banking Customers

Our customers' security is of the upmost importance to us.


In order to enhance security, we will be discontinuing service to unsupported web browsers with outdated security settings. The banking application will include a security update which will require that our customers are using a secure browser that enables Transport Layer Security (TLS version 1.2).


To ensure we can continue to serve you securely in the future, please check your browser to be sure it complies with one of the compatible browsers listed in the table to the right.

 

Browser / Operating System Compatibility

 microsoft edge

Microsoft Edge  Compatible
 microsoft internet explorer Microsoft IE Desktop and mobile version 11  Compatible
 microsoft internet explorer Microsoft IE Desktop versions 9 and 10 *  Not Compatible
 mozilla firefox Mozilla Firefox 27 and higher  Compatible
 google chrome Google Chrome 38 or higher  Compatible
 apple safari Mobile Safari versions 5 and higher  Compatible
 microsoft windows 7 Microsoft Windows 7,8.0,8.1,10  Compatible
microsoft windows 8 Microsoft Windows 8, 8.1 Compatible
microsoft windows 10 Microsoft Windows 10 Compatible
 microsoft windows xp Microsoft XP/Vista and below  Not Compatible

 *can be enabled on windows 7 or newer

If you have any questions about these changes, please contact our customer service department at 978-283-0246 and we will be happy to assist you.