Cambridgeport Bank has Loan Specialists who will be happy to review your specific financing needs, discuss the various borrowing strategies and the options available for each loan program. Cambridgeport Bank offers financing for primary residences of 1-4 units, second homes and investment properties.

You may choose to have your application taken directly over the phone or schedule a face to face appointment to meet with a Mortgage Consultant in person, to contact a Mortgage Specialist today Call 1-800-731-4900

First Time Home Buyers Program's (FTHB):

Cambridgeport Bank offers many different FTHB programs offering the home buyer a wide variety of advantages. Which may include: Interest rate, reduced closing costs, payment subsidies, lower down payment options or flexible underwriting guidelines.

Fixed Rate Mortgage Programs

A fixed rate mortgage is a loan with a rate that is fixed for the entire term of the loan. Fixed rate programs are available for both conforming and jumbo loan amounts.

Adjustable Rate Mortgage Programs:

Adjustable Rate Mortgage Loans or ARM's, are loan programs that offer the borrower a fixed rate for a limited period of time. ARM's do offer adjustment caps for both individual adjustments and for the life of the loan and are ideal for borrowers who either; plan on keeping their loan from 3-7 years and think interest rates will drop at some time in the future, or want a lower monthly payment than compared to a fixed rate loan.

Express Mortgage

The Express Mortgage is a special refinance program offered to customers who are looking for a quick, low cost, fixed rate mortgage. With the Express Mortgage you can apply over the phone, be approved in 24 hours and close the loan within 3 weeks.

Jumbo Mortgages

A jumbo loan is one that exceeds a Loan amount of $252,700 for a single family home. Cambridgeport Bank has jumbo loan programs available for loans up to $1,000,000 or more.

No Income Verification

Cambridgeport Bank offers borrowers with complex income, or a history of self-employment, a no income verification program. Borrowers must meet certain credit and asset requirements. This program is available for both primary and secondary homes.

Construction / Rehab Loan "Dream Builder"

For those borrowers looking to construct a new home or rehabilitate an existing one Cambridgeport Bank offers a One Step Construction Loan program. With this program you can first take ownership of the land or existing home and then fund the work, all with one closing and one set of closing costs. Once the work is completed, the loan automatically rolls over into a permanent loan.

Blended Mortgages

A Blended mortgage program is a program that utilizes both a first and a second mortgage.It can be an alternative to obtaining insurance or a method to obtain cost effective financing for certain size Loans.

Non Conforming Programs

Non-Conforming Loan Programs are available to those borrowers who are requesting a mortgage loan but are not able to meet the standard requirements that most mortgage programs follow. Examples of such requests are: Impaired credit loans, reduced down payment requirements for investment or multifamily homes, and cash out refinances on investment property.

Apply For A Mortgage Today

At Cambridgeport Bank you can apply for a mortgage in the way that is most convenient for you: over the phone, at one of our branch locations or the convenience of your home or office.

Cambridgeport Bank has experienced professionals that are available to review your individual needs. They possess expert knowledge in Cambridgeport Bank's mortgage products, pricing and effective ways to reduce your costs, You may choose to have your application taken directly over the phone or schedule an appointment to meet with a Mortgage Consultant in person.

Call 1-800-731-4900 to speak with a Loan Specialist today to discuss your mortgage options. Cambridgeport Bank Loan Specialists are available Monday - Friday 8:00 A.M. - 5:15 P.M. Mortgage Consultants are available for a personal appointment in the evenings or on weekends as well.

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