Mortgages

We have several

types of mortgages.

Fixed. Variable. Yours.

Buying a house is a pretty big decision, but that doesn’t mean it has to be stressful. Our loan officers are some of the best around - they will guide you, answer your questions and get you into your home on your own terms. You can feel secure knowing that your loan will be underwritten by an experienced team of professionals that are local to our community.

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Fixed Rate Mortgages

Fixed Rate Mortgages¹

For homeowners seeking a predictable loan payment that does not fluctuate with interest rate changes and plan to stay in their home awhile. We offer a variety of different terms to meet your individual needs.

Interest rate stays the same for the life of the loan
A longer term loan allows you to establish a lower monthly payment
A shorter term loan allows you to pay off your loan faster.

Fixed Rate Mortgage Rates¹
Effective as of: July 10, 2020
TERM	DESCRIPTION	RATE WITH 25% DOWN	APR⁶ WITH 25% DOWN	# OF MONTHLY PAYMENTS	MONTHLY PAYMENT PER $1,000 BORROWED
30 Year Fixed Rate²	Conforming up to $510,400	3.250%	3.300%	360	$4.35
20 Year Fixed Rate²	Conforming up to $510,400	3.000%	3.068%	240	$5.55
15 Year Fixed Rate²	Conforming up to $510,400	2.625%	2.708%	180	$6.73
10 Year Fixed Rate²	Conforming up to $510,400	2.500%	2.616%	120	$9.43
30 Year Fixed Rate Jumbo - Purchase Special⁴	From $510,401– $2,000,000	3.250%	3.291%	360	$4.35
30 Year Fixed Rate Jumbo ^3,5	From $510,401– $2,000,000	3.500%	3.538%	360	$4.49
20 Year Fixed Rate Jumbo³	From $510,401– $2,000,000	3.375%	3.427%	240	$5.74
15 Year Fixed Rate Jumbo^3,5	From $510,401– $2,000,000	3.250%	3.316%	180	$7.03
10 Year Fixed Rate Jumbo³	From $510,401– $2,000,000	3.125%	3.217%	120	$9.71

Payment amounts on the above products do not include taxes and insurance. Your payments may be greater.

To learn more, please visit a branch or give one of our mortgage loan officers a call.

See Full Terms & Disclosures

Adjustable Rate Mortgages (ARM)

Adjustable Rate Mortgages (ARM)⁷

This type of mortgage is best suited for homeowners who are looking to maximize an initial lower monthly payment or plan to move in a few years.

Interest rate and monthly principal and interest payment stays the same for an initial period of time (such as 5, 7, or 10 years) then your payment will move up or down annually as interest rates fluctuate (the variable portion)
The interest rate at the beginning of the loan may be lower than a fixed rate mortgage

Adjustable Rate Mortgages (ARM)⁷
Effective as of: July 10, 2020
PRODUCT	DESCRIPTION	TERM	INITIAL INTEREST RATE	FULLY INDEXED RATE	APR¹¹	MONTHLY PAYMENT PER $1,000 BORROWED
5/1 ARM Conforming⁸	Conforming up to $510,400	30 years	3.000%	2.875%	2.965%	60 payments of $4.22 300 payments of $4.16
5/1 ARM Jumbo^8,9	From $510,401 to $2,000,000	30 years	3.000%	2.875%	2.952%	60 payments of $4.22 300 payments of $4.16
7/1 ARM Conforming⁸	Conforming up to $510,400	30 years	3.125%	2.875%	3.038%	84 payments of $4.28 276 payments of $4.18
7/1 ARM - Purchase Special^8,10	up to $2,000,000	30 years	2.990%	2.875%	2.966%	84 84 payments of $4.21 276 payments of $4.16
7/1 ARM Jumbo^8,9	From $510,401 to $2,000,000	30 years	3.125%	2.875%	3.024%	84 payments of $4.28 276 payments of $4.18
10/1 ARM Conforming⁸	Conforming up to $510,400	30 years	3.375%	2.875%	3.230%	120 payments of $4.42 240 payments of $4.23
10/1 ARM - Purchase Special^8,10	up to $2,000,000	30 years	3.125%	2.875%	3.067%	120 payments of $4.28 240 payments of $4.19
10/1 ARM Jumbo^8,9	From $510,401 to $2,000,000	30 years	3.375%	2.875%	3.215%	120 payments of $4.42 240 payments of $4.23

Payment amounts on the above products do not include taxes and insurance. Your payments may be greater.

To learn more, please visit a branch or give one of our mortgage loan officers a call.

See Full Terms & Disclosures

First Time Home Buyer Programs

We offer both financing options and educational assistance to make the process easy for first time home buyers.
- Variety of programs offered, including those for first time home buyers with low to moderate incomes
- Massachusetts Housing Partnership ONE Mortgage and Mass Housing Finance Agency mortgages include low fixed-rate financing for those who qualify
Learn More
To learn more, please visit a branch or give one of our mortgage loan officers a call.
Other Mortgage Programs

Sometimes customers have unique borrowing needs; our loan officers are equipped with additional programs and have the expertise to help you find the solution that best fits your needs.
- Affordable Home Loan Programs
- Construction Loans
- Combination Mortgages
- Up to 100% Financing with no Private Mortgage Insurance (PMI)
To learn more, please visit a branch or give one of our mortgage loan officers a call.

View our complete list of mortgage loan officer names and identification numbers.

Mortgage Disclosure

Fixed Rate Mortgages Disclosure

¹All rates subject to change without notice. Payment amounts on the above products do not include taxes and insurance. Your payments may be greater.

²Conforming Fixed rates above are based upon a loan amount of $350,000, 1 unit, primary residence, purchase or rate and term with a loan to value of 75% or less and FICO Score 740 or greater for a 45 day rate lock period. Rates may vary based on other scenarios.

³Jumbo Fixed rates above are based upon a loan amount of $690,001 for a 1 unit, primary residence, purchase or rate and term with a loan to value of 75% or less and FICO Score 740 or greater for a 45 day rate lock period. Rates may vary based on other scenarios.

⁴Purchase Special rate is based upon a loan amount of $510,401 for a 1 unit, primary residence, purchase with a loan to value of 80% or less and FICO Score 680 or greater for a 60 day rate lock period. Rates may vary based on other scenarios.

⁵County minimum loan limit restrictions may apply.

⁶Annual Percentage Rate (APR) is based on a primary residence property. All rates subject to change without notice. Subject to credit approval. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for federal income tax purposes; and the consumer should consult a tax adviser for further information regarding the deductibility of interest and charges.

Adjustable Rate Mortgages (ARM) Disclosures

⁷All rates subject to change without notice. Payment amounts on the above products do not include taxes and insurance. Your payments may be greater.

⁸The adjustable rate programs are based on a 30 year term. The rate may increase after the initial period.

Adjustable Rate Mortgage Rates are based on a 1 unit, primary residence, purchase or rate and term with a loan amount of $350,000 for Conforming or a loan amount of $690,001 for Jumbo, a loan to value of 75% or less and FICO Score 740 or greater for a 45 day rate lock period. Rates may vary based on other scenarios. All rates subject to change without notice. Subject to credit approval. The interest rate on adjustable rate programs may increase after the initial period. The fully-indexed rate is equal to a margin plus the index. Please ask us about the current index and margin for these products.

⁹County minimum loan limit restrictions may apply.

¹⁰Purchase Special ARM rate above is based upon a loan amount of $510,401 for a 1 unit, primary residence, purchase with a loan to value of 80% or less and FICO Score 680 or greater for 60 day rate lock period. Rates may vary based on other scenarios.

¹¹Annual Percentage Rate (APR) is based on a primary residence property. All rates subject to change without notice. Subject to credit approval. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for federal income tax purposes; and the consumer should consult a tax adviser for further information regarding the deductibility of interest and charges.

Mortgages

Ready to Get Started? Start your Mortgage journey with CSB!

Adjustable Rate Mortgages (ARM)7

First Time Home Buyer Programs

Other Mortgage Programs

Ready to Get Started?
Start your Mortgage journey with CSB!

Adjustable Rate Mortgages (ARM)⁷