Webster Five has a home equity loan that offers a low rate for five years and then adjusts your rate in five-year increments, for up to 20 years. All with no application fee and no closing costs. Click here for details.
On land or at sea, Webster Five can help you get wherever you want to go! A fixed rate, fixed term secured installment loan for new or used autos, light trucks, recreational vehicles, small boats, and motorcycles.
Application & Checklist: [ PDF ] Apply On-Line: [ Here ]
Potential Customers: Ideal for any consumer who is interested in purchasing a new or used auto, light truck, recreational vehicle, small boat or motorcycle.
Key Benefits: Offers consumers a fixed rate, term, and payment plan ideal for easy budgeting. No fees and lower rates than unsecured loans.
Unsecured Personal
Need cash, not hassles? Here's a fixed rate, fixed term unsecured installment loan.
Application & Checklist: [ PDF ] Apply On-Line: [ Here ]
Potential Customers: Any consumer that needs money for any variety of needs.
Key Benefits: Offers consumers a fixed rate, term and monthly payment plan for easy budgeting. Lower rate available with automatic payment deduction from a Webster Five checking or savings account.
Passbook Collateral
Fixed rate loan secured by a Passbook Savings or Certificate of Deposit with Webster Five that permits you to borrow up to 90% of funds on deposit
Application & Checklist: [ PDF ] Apply On-Line: [ Here ]
Potential Customers: Any consumer who wants to borrow on their deposits.
Key Benefits: Offers no fees and a 5 year maximum term or maturity of Certificate of Deposit.
Overdraft Protection
No Worries! A personal line of credit linked to a Webster Five checking account that automatically covers overdrafts, up to an approved credit limit.
Application & Checklist: [ PDF ] Apply On-Line: [ Here ]
Potential Customers: Any customer who currently has a Webster Five checking account.
Key Benefits: A personal line of credit that is linked to a checking account that automatically covers overdrafts, up to an approved credit limit.
Home Equity Loan - 5-5 Adjustable Rate
Adjustable rate closed end Home Equity Loan secured by a mortgage on consumers’ home. Provides for a 5-year protection from rate fluctuations, and for budgeting ease, an extended amortization period to 20 years.
Application & Checklist: [ PDF ] Disclosure: [ PDF ] Terms Disclosure: [Click Here] Consumer ARM Handbook [ PDF ] Apply On-Line: [ Here ]
Potential Customers: Borrowers looking for a stable rate with a long-term repayment plan.
Key Benefits: Five-year protection from rate fluctuations with competitive re-pricing. No application fees or closing costs.
Home Equity Loan - Fixed Rate
It's time your home paid you back! Fixed rate installment loan secured by a mortgage on consumer's home that permits you to borrow against your equity.
Application & Checklist: [ PDF ] Apply On-Line: [ Here ]
Potential Customers: Any consumer that would like to borrow against their home equity.
Key Benefits: Protects the consumer from rate fluctuations. Easy fixed monthly payment plan for easy budgeting. Interest may be tax deductible.
Home Equity Line of Credit "Flexline"
Flexibility and ease are just two of the reasons to apply for our Flexline product today. This is a revolving line of credit secured by a mortgage that permits you to borrow against your equity. Interest may be tax deductible!
Application & Checklist: [ PDF ] Disclosure: [ PDF ] Apply On-Line: [ Here ]
Potential Customers: Any consumer that would like to borrow against their home equity.
Key Benefits: Allows convenient access to cash. Only pay interest on the amount of line used. Borrowed cash may be tax deductible and option to convert balance owed to a fixed rate, fixed term loan.
MHFA "Get The Lead Out"
Through a program sponsored by the Massachusetts Housing Finance Agency (MHFA), we are able to provide low-cost financing to qualified owners of 1-4 family properties to remove lead paint from their homes and reduce the possibilities of lead poisoning.
Potential Customers: Ideal for homeowners who need to remove lead paint from their homes.
Key Benefits: Loan program offers consumers lower interest rates while providing a safer living environment. Also help to increase the value and marketability of the property.
MHFA Home Improvement Program
Through a program sponsored by the Massachusetts Housing Finance Agency (MHFA), we are able to offer low-cost financing for income eligible homeowners to repair their homes.
Potential Customers: Any income-eligible homeowner who needs to make major renovations or home improvements.
Key Benefits: Loans available at low interest rates and in amounts from $7,500 to $50,000.
MHFA Title V - Septic Repair
Through a program sponsored by the Massachusetts Housing Finance Agency (MHFA), Webster Five is able to offer a below market rate to homeowners faced with the need to repair a failed septic system in order to comply with the state’s Title V requirements.
Potential Customers: Ideal for homeowners faced with the need to repair a failed septic system in order to comply with the state’s Title V requirements.
Key Benefits: A program sponsored by the Massachusetts Housing Finance Agency (MHFA), this program is available to eligible homeowners at low interest rates of 0%, 3%, and 5% depending upon total household income, for loans ranging in size from $1,000 to a maximum of $25,000.00.
