Adjustable Rate Mortgages

If your priority is to get your monthly payment as low as possible in the early years of the loan, Needham Bank can help. Partner with our experts to choose an adjustment period that’s right for you, giving you control over financing your home.

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Benefits & Features

Your Choice of Adjustment Period

Choose from a variety of adjustment periods, with lifetime caps that are competitive and often extremely attractive.

Dedicated Residential Lending Expert

Work with the same Needham Bank expert from application to closing, so you know you're partnering with someone who understands your needs and is invested in your success. Our lenders are available directly by text, phone, and email to help you through the home buying process. 

Lower Initial Interest Rate 

Get your monthly payment as low as possible in the early years of the loan when compared to a typical Fixed Rate Mortgage option.

Adjustable Rate Mortgage Highlights

  • Customized quotes
  • Competitive rates
  • Flexible adjustment periods
  • Competitive lifetime caps
  • Dedicated personal residential lending expert

Serving Our Clients

Which Mortgage is Right for You?

If you're planning to buy a home in MA, spend time understanding your home loan options. Let Needham Bank help you decide which mortgage is right for you.

Learn more about Which Mortgage is Right for You?


What’s the fastest way to pay my NB mortgage from my NB Checking Account?

The easiest way to pay your NB mortgage from your NB Checking Account is through NB Online Banking or NB Business Online Banking by completing a transfer from your checking account to your mortgage.

Can I pay my mortgage from another account?

Yes, you may complete an ACH Agreement in order to do so. Call our Loan Servicing Department at (781) 474-5802 or complete the Authorization Form. Please forward the form to the Loan Operations Department via US Mail or email us at [email protected]

Why did my mortgage payment amount change?

Payment changes result from an adjustment to your interest rate or your escrow payment. Our Loan Operations Department will assist you in providing answers to all your questions. Please contact us by calling (781)474-5802 or by email at [email protected]

Knowledge Center

Calculating Your Monthly Mortgage Payment

Before shopping for a home, you should understand how much you can afford to spend on a mortgage. Learn how to calculate your monthly payments with Needham Bank.

Learn more about Calculating Your Monthly Mortgage Payment

Is it a priority for you to get your monthly payment as low as possible in the early years of your loan? Partner with us to finance your new home, your way.

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View Current Rates

*The Annual Percentage Rate stated above is as of October 11, 2019 and is based on a 15% down payment on owner occupied residences only. A loan with a smaller down payment may require Private Mortgage Insurance (PMI) which will result in a higher APR. The maximum rate adjustment is 5% above the initial interest rate. Initial 60 month principal and interest payment of $3.79 per $1,000 borrowed followed by an estimated $5.37 per $1,000 borrowed for 420 months does not include taxes or insurance. Subject to credit approval and subject to change without notice.