Let us help plan your moving day with our 5/1 Adjustable Rate Mortgage at 6.68%/6.125% APR*.
BENEFITS YOU'LL LOVE
Competitive rates.
Our 5/1 Adjustable Rate Mortgage (ARM) has a discounted introductory rate which means lower monthly payments during the first five years than fixed rate loans. Your monthly payment may also decrease when your rate adjusts. There are limits on how much your interest rate can change at each rate adjustment and over the life of your loan. If you plan on selling or refinancing before the introductory phase ends, you could pay less interest than a fixed interest rate mortgage.
Get a free pre-qualification.
Before you start your house hunt, you should know what you can afford. That’s why we offer free pre-qualifications. This gives you an estimate of how much you can borrow and what your monthly payments will look like — so you can make an offer with confidence.
Work with hands-on originators.
Our experienced mortgage originators will help you every step of the way - from pre-qualification to closing and everything in between.
Not sure where to start, join John Ryan, Mortgage Originator, for his weekly Key to Home Ownership Teams® Meeting to discuss the fundamental steps of the mortgage process! Register Now.
Looking for other mortgage options?
We offer several other mortgage types including fixed rate, jumbo, construction and government backed assistance programs. Check out our full array of mortgage products.
How do I apply for a mortgage loan?
To apply for a Massachusetts mortgage loan, you can begin with our easy online application. The application has a series of questions about personal finances, your debt and your future home. You can complete the application in one sitting or save your progress and finish it later.
Or, if you prefer, you can come into one of our convenient branch locations and work with a Relationship Banker to fill out the application.
Once you've submitted your application you’ll receive a confirmation response. However, because every application is unique, approval times may vary. We will reach out with any additional questions if we need more information about your financial situation or if we need additional information on your application.
If you are curious about a pending application, check your loan status online or give us a call.
How do I choose the mortgage program that is best for me?
Contact one of our Mortgage Lenders directly to discuss your options and what may best fit your needs.
Will my application be saved online if I get interrupted and do not finish or need to get additional information to complete my application?
Yes, all information will be saved once you start an application, so you can complete it when it's most convenient for you!
What information do I need to submit an application?
Before you begin an application, we need to confirm your identity. We ask for your name, date of birth, address and contact information. The rest of our questions focus on your property details, desired loan and financial information.
The most important information you need for home mortgage loan is a verified source of income, such as a W-2 or a bank statement. Reach out if you need help submitting your application by calling 978-365-3700 or stop by a branch.
What are the requirements to get a home mortgage loan from Clinton Savings Bank?
At Clinton Savings Bank, we make the online application process easy for you to apply for your home mortgage in Massachusetts. Our mortgage loan application determines your eligibility based on income, debt, assets and property information.
What are the interest rates, and how are they determined?
Our competitive mortgage interest rates include fixed-rate and adjustable-rate plans. Mortgage rates in Massachusetts change based on various factors, including inflation, the Federal Reserve financial index and Fannie Mae.
Can I pay off my mortgage early?
You can pay off a mortgage loan before the intended completion date. Please contact our team at 978-365-3700 or [email protected] to discuss prepayment.
Do I need to get a home appraisal in order to get a home mortgage loan?
You need a home appraisal before officially closing on your mortgage loan. An appraisal helps us evaluate the loan details alongside the property's objective worth. A loan pre-qualification application does not require an appraisal.
How does my credit rating affect my interest rate?
Your credit score is a necessary part of your loan application. We use credit ratings to help us determine the potential risk of outstanding payments.
Does Clinton Savings Bank offer refinance options?
Yes, you can apply online to refinance your current mortgage. On the second screen of the online application select "Refinance My Mortgage" or "Refinance with Cash Out" based on your needs. The online application will guide you through the rest of the process to see if you're eligible to refinance your mortgage in Massachusetts. Or, simply call 978-365-3700 or contact one of our Mortgage Lenders directly.
*APR =Annual Percentage Rate. Rate as of 4/22/25 and subject to change without notice. Available on owner occupied properties only. Maximum loan to value of 95%. Loans subject to credit approval. Actual interest rate and fees available based on credit history. Monthly payment is based on an interest rate of 6.125% an APR of 6.68% APR for 360 months, payment per month on a loan amount of $225,000 is $1,367.12 . Maximum loan amount $806,500. Payment does not include taxes and insurance which would make the payment greater if included. Other rates and terms available based on individual creditworthiness. Offer may be withdrawn at any time. Other restrictions may apply. All applicants are subject to complete underwriting based on program guidelines. The interest rate will remain the same for the initial term of the loan (five (5)years). At the end of the initial term the interest rate will be subject to change every one (1) year. Adjustment cap is 2%. The lifetime cap is 5.00%. At each change date the new Annual Percentage Rate is calculated using the weekly average index as follows: 1- year Treasury Constant Maturity index plus a margin of 3.00%; Payment amounts are re-amortized at each change date for the remaining term of the loan.