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Mortgages and Mortgage Loan Rates

Belmont Savings Bank primarily provides home mortgage loans to those within the cities and towns in Essex, Middlesex and Norfolk Counties in Massachusetts. Belmont Savings Bank also offers mortgages in Allston and Brighton, Massachusetts.

First Time Home Buyers can view more about our First Time Home Buyer Program here.

Rates posted offer conforming limits.  Call Belmont Savings Bank for jumbo lending rates. If you would like to apply for a pre-qualified mortgage, complete the Prequalification Request Form.

Effective as of February 6, 2019
Payments shown below do not include taxes or insurance.
Your payment may be greater.

Mortgage Loan Rates

Type Mortgage Interest Rate/Fully Indexed Rate Max Term/Months Points CAPS Annual Percentage Rate Payment per $10K
3/1 ARM 3.750%/5.375% 360 0.0 5/2/5 5.21% 36 Pmts of $46.30, 324 Pmts of $55.20
5/1 ARM 3.750%/5.375% 360 0.0 5/2/5 5.04% 60 Pmts of $46.30, 300 Pmts of $54.65
7/1 ARM 3.875%/5.375% 360 0.0 5/2/5 4.92% 84 Pmts of $47.02, 276 Pmts of $54.23
10/1 ARM 4.000%/5.375% 360 0.0 5/2/5 4.77%

120 Pmts of $47.74, 240 Pmts of $53.64

30 Year Fixed 4.375% 360 0.0


4.44% $49.99
15 Year Fixed
(no closing costs)
4.375% 180 0.0 N/A 4.38% $75.90
15 Year Fixed 3.750% 180 0.0 N/A 3.85%


Mortgage Loan Requirements

  • 1-4 family owner-occupied residences
  • Annual Percentage Rates based on a 20% downpayment.
  • 5% Downpayment mortgages are available (Private Mortgage Insurance required on mortgages with a downpayment of less than 20%, call for details)
  • Rates subject to change without notice and may change after consummation.
  • Mortgage loan payments are based on a monthly repayment schedule.
  • Payments listed in the grid above do not include taxes and insurance premiums. Actual payment amount may be greater.
  • Adjustable rate mortgage loans are fixed for a period of time and will adjust annually. For example, a 5-1 adjustable mortgage is fixed for the first five years and will adjust annually thereafter. Please call for program details.
  • Any borrower obtaining a mortgage loan secured by real estate must provide the Bank with satisfactory proof of hazard/homeowner’s insurance.
  • Subject to credit approval.

For assistance, contact:

Rick Capobianco
Belmont Savings Bank
Vice President - Residential Lending
Email:  Rick.Capobianco@belmontsavings.com
NMLS #39923
Available for calls during the day, evenings and weekends.


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