Home Mortgage Programs
We have the right mortgage for you, whether you are a first-time homebuyer, refinancing, or planning to buy a larger home.
Apply online for a mortgage with us. Click here to view our rates, and then just click to get started.
Adjustable Rate Mortgages (ARM)
Check our rates Adjustable Rate Mortgage (ARM) loans provide an initial rate that is usually lower than a fixed rate mortgage. ARM interest rates are subject to change after the initial fixed period. If interest rates are low, an ARM may be a good option for you. This is especially true if the cap (the highest interest rate you may be charged over the loan life) is not more than a few points higher than the current fixed rate.
This mortgage program may be of special interest to you if you don't plan to own the property for very long, or if you know that your income will rise in a few years. At Hingham Institution for Savings we offer 1, 3, 5 and 7 year adjustable rate mortgage products at great rates for both conventional and jumbo financing. Check our rates.
40-Year Adjustable Rate Mortgage - our 20/20 Mortgage
Check our rates For those who want to keep monthly payments at a minimum, we also offer a 40-year adjustable rate mortgage, called the 20/20 Mortgage. The 20/20 mortgage is amortized over 40 years and is offered at a lower rate than the traditional 30-year fixed rate mortgage. This program will give you the best of both worlds: a rate which is fixed for 20 years and a 40-year term to keep your payments low. Our 20/20 Mortgage is one of our most popular loan options, whether you are a first-time buyer, purchasing a second home, or simply interested in keeping monthly payments down while you enjoy the security of an initial rate that is fixed for a long period of time. Click here to see our ad. We also offer Jumbo 20/20 loans up to $3 Million at a slightly higher rate.
Send us an email or telephone one of our loan officers for more details on any of our Adjustable Rate Mortgage programs. Check our rates.
Check our rates The interest rate for a Fixed Rate Mortgage stays the same for as long as you have the loan, no matter how interest rates change in the financial markets. With this popular mortgage, you know exactly how much you will pay in principal and interest on your home each month.
There are a variety of options available to you with down payments as low as 5%. Hingham Institution for Savings offers Fixed Rate Mortgages with terms from 7 to 30 years. Check with our loan officers to see how low our fixed rates are today. Check our rates
Jumbo Loans
Check our rates If you're looking for a competitively priced loan for more than $417,000, you'll find our Jumbo Mortgage to be a very attractive option. We have 10 15 and 30 year jumbo loans at fixed rates. We also offer a full range of adjustable jumbo loans, including a 40-year 20/20 Jumbo Mortgage, and interest-only options. Jumbo loans are available up to $3 Million. Check our rates
First Time Homebuyer Mortgages
Check our rates We have partnered with MassHousing (formally known as
the Massachusetts Housing Finance Agency) to offer a program for first-time
homebuyers. We understand that buying your first home is a major step.
That's why our loan officers will go the extra length to make it happen.
Email us or give us a call at 781.749.2200 to find out more about our
First-Time Homebuyer Mortgage Program.
Program Features
