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Belmont Savings Bank is closed today, January 21st, in recognition of Martin Luther King Jr. Day.  As a reminder, online banking and our mobile apps are available 24 hours a day to assist with many of your banking needs.

First Time Home Buyer Program

Couple purchased home

Right now, if you are buying a home in one of the towns in our community, Belmont Savings Bank can offer you a special, limited time, discounted rate on your mortgage, the ability to lock in that rate for 100 days, reduced closing costs, and an option to make a smaller down payment. 

Limited time offer: 1/8th percent off ANY of our fixed rate mortgage products.*

Eligible towns:

  • Allston
  • Arlington
  • Belmont
  • Brighton
  • Brookline
  • Cambridge
  • Lexington
  • Medford
  • Natick
  • Needham
  • Newton
  • Somerville
  • Waltham
  • Watertown
  • Wellesley
  • Weston
  • Winchester

Some of the benefits include:

  • Down payments as low as 5%
  • $250 - $500 off closing costs**
  • Loans up to $600,000 (Single Family & Condominiums) 
  • No income restrictions
  • Lock in your rate for up to 100 days while you find your home


Apply Online

To speak to someone directly, contact our Manager of Residential Lending, Rick Capobianco at 617-489-1298 or Rick.Capobianco@belmontsavings.com. (NMLS#: 39923)

*Offer excludes additional promotional products. Subject to credit approval. To qualify for this offer, customer must be a first time home buyer and the home must be located in the Bank's CRA Assessment Area of Allston, Arlington, Belmont, Brighton, Brookline, Cambridge, Lexington, Medford, Natick, Needham, Newton, Somerville, Waltham, Watertown, Wellesley, Weston, or Winchester. A first time home buyer is defined as a person who has not owned a home in the past three years. 

**All qualified first time home buyer mortgage customers will receive a closing cost credit of $250.00. Qualified mortgage customers who open, fund, and sign up for autopay or direct deposit services on their Belmont Savings Bank checking account before closing on their mortgage will receive an additional closing cost credit of $250.00.

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