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. You can feel secure knowing that your loan will be underwritten by an experienced team of professionals that are local to our community.
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 semi-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
Effective as of: December 1, 2023 PRODUCT DESCRIPTION TERM INITIAL INTEREST RATE FULLY INDEXED RATE POINTS APR 11 MONTHLY PAYMENT PER $1,000 BORROWED 5/6 ARM Conforming 8 Conforming up to $726,200 30 years 7.000% 8.125% 0.000 7.726% 60 payments of $6.65
300 payments of $7.35
5/6 ARM Jumbo 8, 9 From $726,201 to $2,000,000 30 years 7.250% 8.125% 0.000 7.818% 60 payments of $6.82
300 payments of $7.36
7/6 ARM Conforming 8 Conforming up to $726,200 30 years 7.000% 8.125% 0.000 7.592% 84 payments of $6.65
276 payments of $7.31
7/6 ARM Jumbo 8, 9 From $726,201 to $2,000,000 30 years 7.250% 8.125% 0.000 7.713% 84 payments of $6.82
276 payments of $7.34
10/6 ARM Conforming 8 Conforming up to $726,200 30 years 7.125% 8.125% 0.000 7.515% 120 payments of $6.74
240 payments of $7.24
10/6 ARM Jumbo 8,9 From $726,201 to $2,000,000 30 years 7.250% 8.125% 0.000 7.587% 120 payments of $6.82
240 payments of $7.29
Payment amounts on the above products do not include taxes and insurance. Your payments may be greater.
Affordable and First Time Home Buyer 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 may fit your needs. 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 seeking affordable loan options
CSB Home Achieve is an affordable loan option with competitive fixed rates and no borrower-paid private mortgage insurance for those who qualify
CSB 100 includes up to 100% Financing with no Private Mortgage Insurance (PMI) for those who qualify
Massachusetts Housing Partnership ONE Mortgage and Mass Housing Finance Agency mortgages include low fixed-rate financing for those who qualify
Your Mortgage Journey financial education videos feature CSB mortgage loan officers walking through different steps in the mortgage process.