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Affordable Home Loan Options

Buying a home doesn't have to be complicated. We have many low and no down payment options that may fit your needs. 

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. 

Meet Our Team

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. 

  • 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
    See Full Terms & Disclosures

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. 

  • 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:

    • No mortgage insurance
    • Financial assistance for eligible buyers
    • Competitive fixed rates available
    See Full Terms & Disclosures
  • Fannie Mae HomeReady® Loan

    This is an affordable loan option available to first-time and repeat home buyers. Income and other restrictions apply.6

    Features:

    • Reduced mortgage insurance may be available
    • Flexible sources of funds for down payment and closing costs
    • Competitive fixed rates available
    See Full Terms & Disclosures
  • Freddie Mac Home Possible® Loan

    This is an affordable loan option available to first-time and repeat home buyers. Income and other restrictions apply.7

    Features:

    • Reduced mortgage insurance may be available
    • Flexible sources of funds for down payment and closing costs
    • Competitive fixed rates available
    See Full Terms & Disclosures

Additional Resources

A woman sitting in a chair

Your Mortgage Journey Financial Education Videos

Thinking about buying a home or just want to learn more about the mortgage process? Let our local experts walk you through the process in Your Mortgage Journey, our mortgage loan financial education video series.

Learn more about

  • How the Mortgage Application Process Works
  • Mortgage Loan Processing
  • Mortgage Loan Approval
  • Mortgage Loan Commitment
  • Mortgage Loan Closing
  • Things to be Aware of Before and During the Mortgage Loan Process

 

Learn More

 

    A group of CSB employees and participants at a first time home-buyer seminar at a CSB branch

    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 just by attending.

    • 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
    Learn More