Affordable Home Loan Options
We're here to guide you on your path to homeownership. Take the first step by getting prequalified for a mortgage loan.
We're proud to offer a variety of innovative and flexible loan options designed to make homeownership more affordable. Ask your Mortgage Loan Officer about our Mortgage Relationship Pricing Program for even greater savings for eligible Personal Banking customers.
CSB-Exclusive Affordable Loan Products
As a local, community bank, we have the flexibility to create products that meet the needs of our buyers and the ever-changing market.
Other Affordable Loan Options
We partner with MassHousing, Massachusetts Housing Partnership, and government-sponsored enterprises to bring a variety of affordable options to our customers.
Take the Next Step
Additional Resources
Home-Buying Education Resources
We believe in the power of knowledge and are committed to improving the financial well-being of our customers. That's why we we offer a variety of home buyer education resources covering a wide breadth of topics. Take some time to explore on your own or reach out to a loan officer with specific questions.
First-Time Home Buyer Seminars
Buying a home is a big step and we can help. We’ll break down the home-buying process, get you up to speed and introduce you to affordable loan programs when you attend.
- Earn CHAPA-Certification to help you qualify for affordable loan programs
- Learn from a CSB Mortgage Loan Officer
- Learn about the home-buying process, including understanding budgeting and credit
1Maximum income limits or property location restrictions may apply. Minimum FICO score of 680 required. Primary residences only. Maximum loan-to-value (“LTV”) is 97% for 1-2 unit/condo and 95% for 3-4 unit. First-time home buyer class and landlord counseling required, if applicable. Other restrictions may apply.
2If the property is located in a low- or moderate-income or majority-minority census tract per ffiec.gov within Middlesex, Suffolk, Essex or Norfolk counties (Massachusetts) or Strafford or Rockingham counties (New Hampshire), income restrictions will not apply.
3Single family and condominiums only that are occupied as a primary residence only. Minimum FICO score of 680. Other restrictions may apply.
4Maximum income limits apply. The Housing Impact product requires the combined income for all borrowers to be at or below 80% AMI. Please reach out to a loan officer for more information on AMI. FICO score minimum as low as 620. Purchase transactions for primary residences only. Maximum loan-to-value (LTV) is 95%. Other restrictions may apply.
5Maximum income limits apply. A minimum FICO Score of 640 required for 1 unit properties and 660 for 2-3 unit properties. Maximum loan-to-value (“LTV”) is 97% for 1-2 units and 95% for 3 unit. First-time home buyer class and landlord counseling required, if applicable. Other restrictions may apply.
6Maximum income limits apply. First-time home buyer class and landlord counseling required, if applicable. FICO score minimum as low as 640. Each of the programs available have other restrictions that may apply. Contact us for more information.
7MI Plus™ borrower protection is included with MassHousing loans at no additional cost. MI Plus™ pays a borrower’s principal and interest for six months (up to $2,000/month) if they become unemployed.
8Maximum income and loan amount limits apply. Purchases and no-cash-out refinances only, primary residences only. Maximum loan-to-value (“LTV”) is 97% for one-unit properties. Maximum LTV is 85% for 2-unit properties. Maximum LTV is 75% for 3- and 4-unit properties. First-time home buyer class and landlord counseling required, if applicable. Other restrictions may apply.
9Maximum income and loan amount limits apply. Purchases and no-cash-out refinances only, primary residences only. Maximum loan-to-value (“LTV”) is 97% for one-unit properties. Maximum LTV is 95% for 2-to 4-unit properties. First-time home buyer class and landlord counseling required, if applicable. Other restrictions may apply.