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To meet your needs, the bank offers a variety of first mortgage programs and refinance options. You can choose from adjustable or fixed-rate loans. To apply online, click on the Loan ConnectionSM button at left.
If you have not owned a home for at least three years, you may qualify as a first-time buyer. You can borrow up to 95 percent of the purchase price. For those who qualify, Haverhill Bank is in partnership with Massachusetts Housing Finance Agency. This could qualify you for a no downpayment loan.
This program offers an excellent buyer education program and very favorable terms, such as reduced closing costs and extended qualifying ratios with a waiver of required borrower reserves. See your customer service representative for details.
Haverhill Bank is now offering a full range of affordable home loan programs and mortgage insurance products to low- and moderate-income individuals and families in Greater Haverhill. The initiative stems from a partnership with the Massachusetts Housing Finance Agency, known as MassHousing.
MassHousing is the leading provider of affordable housing in Massachusetts. Since 1970, MassHousing has provided more than $8.5 billion in financing for more than 80,000 units of mixed-income rental housing and more than 43,000 mortgage loans for first-time home buyers.
Through this partnership, Haverhill Bank is approved to originate MassHousing’s MassAdvantage home mortgage loans for income-eligible first-time home buyers. These loans have both low- and no-down payment options and below market interest rates. Borrowers with more moderate incomes will be able to take advantage of Fannie Mae’s My Community loans through Haverhill Bank.
The MassHousing Home for the Brave loan program provides affordable, no-down payment mortgages for veterans of the United States.
Just because you are starting out, you do not have to wait to buy your first home. ADVANTAGE 10/1 offers you a chance to own a home with a low downpayment. CLICK HERE
 If you’re thinking about borrowing money, consider a second mortgage from Haverhill Bank. You may finance for up to 20 years and your first mortgage is not affected.
When you need money to build or modernize your home, Haverhill Bank can help. Bring your plans and costs and discuss them with the bank’s loan officers. They will help you complete the application and arrange repayment terms at competitive rates to fit your family budget.
Home improvements give you a double benefit: added comfort and increased value to your property. Loans are available for insulation, storm windows, home repairs and other home needs.
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