Mortgage Lending

Cape Cod Five's long-time leadership in providing mortgages for this area has resulted in a wide range of options for all types of properties - primary and second homes, investment and seasonal properties, land and construction.

• Pre-Qualify
  Before you start searching for a new home, you can get a Pre-Qualification Certificate. It defines your home-purchasing capacity and will save you time, as well as strengthen your bargaining position.
• 30-Year Fixed-Rate Mortgage*
  This has traditionally been a popular mortgage for home buyers because it provides the security of a fixed monthly payment over the long life of the loan.
• Other Fixed-Rate Terms*
  In addition to the 30-year loan, Cape Cod Five offers options of 10, 15, 20 and 25 years. The shorter the term, the less interest you'll pay.
• Adjustable-Rate Mortgages (ARMs)
  Instead of a fixed interest rate for the life of the loan, an ARM's interest is adjusted automatically, higher or lower, every one or more years, depending on the terms you choose. Many are offered. Adjustments are based on national economic indicators.
• Land Loans
  Cape Cod Five will finance your purchase of land. Your equity in land can be used as part or all of the down payment on the house you might build on it.
• Construction Loans
  Draw only the funds needed at the time from your mortgage to make progress payments to a contractor. This saves you from paying interest on un-expended funds. Fixed or Adjustable-Rate mortgages are available for construction loans.
• Jumbo Mortgages*
  Loans up to $1 million or more, with flexible options, are available for both primary and second homes. Condominiums and seasonal properties are included.
• Affordable Housing / First-Time Home Buyer Mortgages *
  Many special loan types available - all with low closing costs, up to 100% of the purchase price and 35 year financing, and flexible underwriting.
• Responsible Reverse Mortgages
  Simply stated, a reverse mortgage is a loan against the equity in your home that provides necessary cash without the obligation to repay the loan as long as the property remains your primary residence. So in many cases, it’s a good solution for seniors who are rich in equity, but cash-strapped. When the time comes to sell your home, the loan is deducted - any additional equity belongs to you.

*Refer to Assumptions under Today's Featured Rates.

Note: Mortgages for commercial properties are also available by requesting the services of one of the Bank's Commercial Lending Officers.

Home Equity Credit - If you're already a homeowner, our Home Equity Line of Credit with attractive terms and no closing costs may be the right choice. We also have fixed rate Home Equity loans