Residential Loans

Homeowners are the foundation of every community, and we are proud to support you as your bank. From application to closing, your dedicated lender will work with you to leverage your home equity or cover your residential purchase or project while maintaining your financial health.

Fixed-Rate Mortgages

If you like consistent, competitive rates with your choice of repayment period, our Fixed-Rate Mortgages may be right for you. Learn more about Fixed-Rate Mortgages

Adjustable Rate Mortgages

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. Learn more about Adjustable Rate Mortgages

40-Year Mortgage*

Our 5/5 Adjustable Rate Mortgage (ARM) with a 40-year term makes owning a home even more feasible than ever. Learn more about 40-Year Mortgage*

Builder-to-Buyer Program

Work with us on a builder-to-buyer loan and discover exclusive opportunities for your new home. Our unique mortgage program offers potential buyers special financing options you won’t find anywhere else. Learn more about Builder-to-Buyer Program

Community Loan Program

Every family deserves a home to call their own. That’s why we created a mortgage program to make this important milestone even more attainable for our neighbors. Learn more about Community Loan Program

Construction-to-Permanent-Mortgages

Building or renovating? Our unique construction-to-permanent programs are designed to help builders like you turn that project into reality. Learn more about Construction-to-Permanent-Mortgages

First-Time Home Buyer Program

Buying your first home is an important milestone. Don’t let anything stop you. We have a number of mortgage programs designed to help. Learn more about First-Time Home Buyer Program

Home Equity Line of Credit (HELOC)

The equity in your home can be an extra resource in your journey to upgrade your living space, consolidate debt, or pay tuition. Learn how we can help you harness that power. Learn more about Home Equity Line of Credit (HELOC)

Jumbo Mortgages

Make your dream home a reality, no matter how much it is. We’ll partner together on the financing to get you what you need. Learn more about Jumbo Mortgages

NB WealthBuilder Mortgage

If you’re looking to purchase a home, but haven’t had time to save a down payment, the NB WealthBuilder Mortgage may be the solution you’re looking for. Learn more about NB WealthBuilder Mortgage

Residential Loans Highlights 

  • Flexible options
  • Competitive rates
  • Special financing options
  • Enhanced Assistance
  • Fixed- and adjustable-rate loans and mortgages

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Thomas Tomasian

“Needham Bank offers a complete portfolio of options, which differentiates them from the competition.” - Thomas Tomasian, Realtor

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Our Insights About Personal Residential Loans

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Getting Financially Ready to Live on Your Own

Living on your own can be exciting and expensive. Learn how to financially ready yourself for this next step through budgeting, from Needham Bank.

Learn more about Getting Financially Ready to Live on Your Own
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

Get started with our quick and easy application process.

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*As of February 28, 2023, the payment information provided below assumes the purpose of the loan is to purchase a property, with a loan amount of $647,200 and an estimated property value of $809,000. The property is located in Needham, MA and is within Norfolk county. The property is an existing single family home and will be used as a primary residence. The assumed credit score is 740.
At a 5.500% initial interest rate, the APR for this loan type is 6.535%, subject to increase. The estimated payment schedule would be:
60 payments of $3,338.07 at an interest rate of 5.500%
420 payments of $4,021.90 at an interest rate of 7.000%*
Payment examples above do not include taxes or insurance, which are both required.
*This is an estimated fully indexed rate this loan could adjust to after the initial 60 month period.
The loan sample above is for example purposes only and may not reflect the current interest rate or APR. Actual payments may be greater. If an escrow account is required or requested, the actual monthly payment will also include an amount for real estate taxes. Click here for current rates.