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.

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We have a variety of products available for the purchase and refinance of a home. Not sure where to start? Click "Start Application" to fill in your information and a loan officer will reach out to you, or get to know our team and start the conversation with an email or phone call.

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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 Home Achieve Loan

This is a CSB-exclusive mortgage available to qualified first-time and repeat home buyers purchasing or refinancing a property in Essex, Middlesex, Norfolk, or Suffolk County. Income restrictions and other restrictions may apply.^1,2

Features:
- No private mortgage insurance (PMI)
- Income restrictions waived for properties in some locations^1,2
- Low down payment
- 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.³

Features:
- Up to 100% financing is available
- No mortgage insurance
- Competitive fixed and adjustable rate mortgages available
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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.

MassHousing Loans

This is a program with various affordable loan options available to first-time and repeat home buyers. Income and other restrictions apply.⁴

Features:
- Low down payment
- Mortgage payment protection⁵
- 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.⁶

Features:
- Low down payment
- No mortgage insurance
- Financial assistance for eligible buyers
- Competitive fixed rates available
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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.⁷

Features:
- Low down payment
- No private mortgage insurance
- Financial assistance for eligible buyers
- Competitive fixed rates available
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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.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
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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.⁹

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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See Full Terms & Disclosures

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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.

Go to Home-Buying Resources

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

Learn More

Affordable Home Loan Options Disclosure

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, 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. 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.

⁵MI 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.

⁶Maximum 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.

⁷Maximum income limits, current residency restrictions, and property location restrictions 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.

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.

Affordable Home Loan Options

CSB-Exclusive Affordable Loan Products

CSB 100 Loan

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

MHP One+Boston

Fannie Mae HomeReady® Loan

Freddie Mac Home Possible® Loan

Take the Next Step

Find More Mortgage Options

Start Application Now

Find a Loan Officer

Additional Resources

Home-Buying Education Resources

First-Time Home Buyer Seminars