We have a variety of products available for the purchase and refinance of a home. Not sure where to start? Call us at 888.418.5626 or visit a branch to discuss our products and find out which one(s) may be right for you.
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.
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CSB Home Achieve Loan
This is a CSB-exclusive affordable loan option available to first-time and repeat home buyers. Income, property location, and other restrictions may apply.1
Features:
- Low down payment
- No borrower-paid mortgage insurance
- Competitive fixed rates available
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CSB 100 Loan
This is a CSB-exclusive low or no down payment loan option available to first-time and repeat home buyers. Restrictions apply.2
Features:
- Up to 100% financing is available
- No mortgage insurance
- Competitive fixed and adjustable rate mortgages available
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.
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MassHousing Loans
This is a program with various affordable loan options available to first-time and repeat home buyers. Income and other restrictions apply.3
Features:
- Low down payment
- Mortgage payment protection4
- Borrower- and lender-paid mortgage insurance options available
- Competitive fixed rates available
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MHP ONE Mortgage Loan
This is an affordable loan option available exclusively to first-time home buyers. Income, property location, and other restrictions apply.5
Features:
- Low down payment
- No mortgage insurance
- Financial assistance for eligible buyers
- Competitive fixed rates available
New: Effective September 2022, applicants who qualify for an MHP ONE mortgage may also be eligible for down payment assistance through MassDREAMS.
MassDREAMS is an exciting new program that may provide up to $50,000 in down payment assistance to eligible buyers.
MassDreams is available to qualified, first-time buyers who are residents of 29 communities disproportionately impacted by COVID-19: Attleboro, Barnstable, Boston, Brockton, Chelsea, Chicopee, Everett, Fall River, Fitchburg, Framingham, Haverhill, Holyoke, Lawrence, Leominster, Lowell, Lynn, Malden, Methuen, New Bedford, Peabody, Pittsfield, Quincy, Randolph, Revere, Salem, Springfield, Taunton, Westfield, and Worcester.
Funds for this program are limited. Please reach out to a loan officer for more information about MassDREAMS and other down payment assistance programs. You may also start an application and a loan officer will be in touch to discuss your options.
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MHP One+Boston
ONE+Boston combines City of Boston funds with the affordable features of ONE Mortgage to increase the buying power for income-eligible, first-time Boston homebuyers purchasing a home within the City. Income, property location, and other restrictions apply.6
Features:
- Low down payment
- No private mortgage insurance
- Financial assistance for eligible buyers
- Competitive fixed rates available
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Fannie Mae HomeReady® Loan
This is an affordable loan option available to first-time and repeat home buyers. Income and other restrictions apply.7
Features:
- Low down payment
- Reduced mortgage insurance may be available
- Flexible sources of funds for down payment and closing costs
- Competitive fixed rates available
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Freddie Mac Home Possible® Loan
This is an affordable loan option available to first-time and repeat home buyers. Income and other restrictions apply.8
Features:
- Low down payment
- Reduced mortgage insurance may be available
- Flexible sources of funds for down payment and closing costs
- Competitive fixed rates available