Residential Loans

If you are in the market for a home loan, Meetinghouse Bank has one that will meet your specific financial needs. We have all of the options that a big bank or mortgage company offers, plus we provide the personal attention and service that only a community bank can give.

We have a complete range of home loan options, including fixed and adjustable rate loans, jumbo mortgages and first time home buyer programs. Our staff will help you through the mortgage process and will answer any questions you might have.

We'd be happy to help you determine how much you can borrow and give you more information about our various loan programs. Find out why people have been turning to Meetinghouse Bank since 1914 for their home financing needs.

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Thirty Year Fixed Rate

This is the most common type of mortgage. The monthly payments are lower because they spread over a longer term. Clients that choose a thirty year fixed rate are able to increase the amount of their monthly payment to pre-pay the outstanding principal balance faster. People that plan to own a home for more than five years often will choose this alternative because of the guarantee that the rate will not increase over time.

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  • Interest rate is fixed for life of mortgage
  • Mortgage interest and real estate taxes are tax deductible
  • Available for conforming and jumbo programs

Fifteen Year Fixed Rate

As with the thirty year fixed rate mortgage, your interest rate remains fixed over the life of the loan, but you pay the loan off in a much shorter period of time in exchange for higher monthly payments.

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  • Lower interest rate than thirty year loan
  • Faster increase in principal accumulation
  • Tremendous savings in mortgage interest over life of loan
  • Available for conforming and jumbo programs

Adjustable Rate Mortgages (ARM)

There are several types of ARMs, varying in term from 3 to 7 years.

Adjustments to the interest rate move up or down at fixed intervals depending on LIBOR to which the mortgage is tied, and change over the life of the mortgage. ARMs generally have an initial period when the ‘start’ interest rate may be discounted. After a set amount of time the interest rate adjusts based on LIBOR, caps, and 2.75% margin that are disclosed at application and closing. If you plan on being in your home less than five years, an ARM might make sense.

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  • Lower interest rate than fixed rate mortgages
  • Allows more free cash for other investments
  • May qualify for higher mortgage due to lower start rate
Compare Home Equity Options

Loan Type

Home Equity Loan

Home Equity Line of Credit

What You Get

A single lump-sum payment for the full loan amount.

A revolving source of cash that you can draw from as needed.

How You Use It

To finance large one-time expenses that have a definite cost.

To finance ongoing expenses or miscellaneous purchases, like you would use a credit card.

How You Pay It Back

Repay the full loan amount over a specific time period, at a fixed interest rate.

Make payments on the outstanding balance, at a variable interest rate.


It offers simple repayment terms, and the security of knowing your payments will never increase.

It’s there when you need it, and you only make payments on what you use. 

MHA Mortgages 1-4 Family Owner-Occupied Residences

In cooperation with the Massachusetts Housing Finance Agency, Meetinghouse Bank is able to offer qualified borrowers reduced interest rates by offering several mortgage programs with favorable underwriting guidelines and low down payment options. Depending on your household's total income and the location of the property, funds are available to finance up to 97% of the purchase price of your new home. A Homebuyer Counseling Certificate is required if the loan-to-value exceeds 80%.

FHA Mortgages 1-4 Family Owner-Occupied Residences


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