Residential Mortgages and Home Equities
Whether you’re looking to purchase, refinance or build a dream house, The First National Bank of Ipswich will make the financing process easy for you. With several competitively priced options available, let one of our experienced Mortgage Loan Officers help find the loan that is right for you.
Fixed Rate
With a fixed rate mortgage, your interest rate and monthly payment do not change for the life of the loan. So if your preference is to have a predictable payment schedule, this type of loan may be right for you. Contact a Lender
Adjustable Rate
With an Adjustable Rate Mortgage (ARM), your interest rate changes at specific intervals, so the amount of your monthly payment could increase or decrease. Most times ARM loans provide a lower initial rate compared to a fixed rate loan, which translates into lower opening monthly payments. Contact a Lender
Jumbo
For those looking to borrower a larger sum of money a jumbo loan may be right for you. A jumbo loan exceeds the current maximum conforming mortgage amount of $465,750. Contact a Lender
Construction
Our residential construction loan is a mortgage that funds the construction of a new home. The loan is closed for the total loan amount, and the funds are advanced over time based on how much of the home is completed. Once construction is complete the loan converts to a permanent mortgage. Contact a Lender
Loan features include:
- Available on primary residence and second homes
- Fixed rate and ARM loans
- Conforming and Jumbo loan amounts available
- One-time closing, with only one set of closing costs
- Interest-only payments during construction
Home Equity Lines of Credit
We offer home equity lines of credit for owner-occupied, 1-4 family properties. If you are approved, you can establish a home equity line of credit for up to 80% of the equity in your home and up to 75% of the equity in your condo or townhouse. Learn more
Home Equity Fixed Rate Loan
Take advantage of a fixed interest rate and set monthly payments that will not change for the life of the loan. We offer competitive fixed rates for owner occupied, 1-4 family properties. You may borrow up to 80% of the equity of your home. Learn more
View Rates View Comparison Chart
The First National Bank of Ipswich will accept loan applications within our lending area which consists of all cities and towns in Essex County that contain FNBI branches as well as all contiguous cities and towns. Our lending area also includes a portion of Suffolk County where our Boston Branch is located.
