Mortgages and Consumer Loans
Whether you are interested in purchasing a home, refinancing your mortgage or improving or remodeling your home, at Pentucket Bank you will find all you are wishing for and more. We offer a variety of lending programs to meet all your borrowing needs.
Mortgage and Consumer Loan Rates
Fixed and Variable Rate Mortgages
Home Equity Lines/Loans
Affordable Homebuyer Programs
Apply NOW, Featured Rates
Fixed and Variable Rate Mortgages
- Local Decision Making
- Local Servicing
- Receive a Rate Discount of 1/8% on new loans as a Pentucket Club member.
- Earn a $250 Discount off closing costs as a Pentucket Club member.
To calculate an estimate of how much home you can afford try our Mortgage Calculator.
Home Equity Lines/Loans
Pentucket Bank's home equity products allow you to use the equity in your home to fund home improvements, debt consolidation, college tuition and much more. The Bank offers both a home equity loan as well as a line of credit. The features of these products are outlined below:
Home Equity Line of Credit:
- The line of credit is a revolving loan, and as such, the principal automatically becomes available again as you repay it;
- You can access your funds via checks that the Bank provides;
- Choose to be billed for interest only or our standard billing of interest plus principal.
- There are no closing costs in most cases
Home Equity Loan:
- You borrow a certain amount for a specific period of time;
- Your payments are fixed so you have the stability of knowing what your monthly payments will be;
- Flexible terms. The bank offers terms of 5, 10, 15, and 20 years; and
- There are no closing costs in most cases
Both the line of credit and term loan are subject to the following conditions:
- Loans are limited to a person's primary residence (1-4 family property);
- Loan amounts range from $10,000 to $150,000;
- The maximum loan to value is 80%; and
- A prepayment penalty may apply if paid and closed within the first twenty-four months.
Affordable Homebuyer Programs
Pentucket Bank's Affordable Homebuyer Programs are easy to qualify for and easy to live with. First time homebuyers, low to moderate income consumers, and municipal employees benefit from:
- No Application Fee
- Low Interest Rate
- Flexible Down Payment Requirements
- And more.
To calculate an estimate of how much home you can afford try our Mortgage Calculator.
Pentucket Bank also offers automobile loans and personal loans.
To learn more, simply visit one of our branches, call 978-372-7731, or submit your request for more information via email.
