Webster Five Personal Banking


Mortgages as personalized as your home itself. Whether you’re a first-time homebuyer or ready for a change of size or scenery, Webster Five has a range of mortgage options to suit your budget, timeline and personal preferences. We also partner with local government agencies to offer first-time homebuyer programs and down payment assistance.
With mortgage rates near historic lows, now is a great time to buy or refinance. As a community bank, we understand the local housing market. And with our commitment to fast service, you won’t have to wait long for your approval.
Webster Five has a team of people waiting to help you with all your home financing needs. Learn more about the home buying process or contact one of our loan officers below and we’ll get the ball rolling.
Webster Five - Arlette Lynch
Arlette Lynch
Senior Mortgage Loan Originator
Cell: 508-344-2753 Office: 508-640-0420 alynch@web5.com NMLS #39595
Webster Five - Nicholas Lynch
Nicholas Lynch
Mortgage Loan Originator
Cell: 774-272-0694 Office: 508-640-0492 nlynch@web5.com NMLS #1408490
Webster Five – Ryan O’Hearn
Ryan O’Hearn
Mortgage Loan Originator
Cell: 508-474-3467 Office: 508-640-0418 rohearn@web5.com NMLS #750909
Webster Five - Charles Pierce
Charles Pierce
Mortgage Sales Manager
Cell: 401-527-6145 Office: 508-640-0494 cpierce@web5.com NMLS #1118599
Webster Five offers three types of personal mortgages with flexible terms. Any of these mortgages can be paid off early without penalty.
  • Conventional fixed-rate mortgage
    This option locks in monthly payments, regardless of market conditions and rate volatility.
  • Adjustable-rate mortgage
    This mortgage typically ensures lower introductory rates for an initial designated period, and then varies according to market indices.
  • Jumbo mortgage
    This mortgage is for loans greater than $417,000 and is available with either fixed or adjustable terms.
Webster Five offers special mortgage programs for first-time homebuyers.
  • First Time Homebuyer Mortgage Loan
    A home ownership program offered by Webster Five, eligible first time homebuyers can benefit from low down-payment solutions, fixed & adjustible rate mortgages and discounted attorney fees. A $500 closing cost credit will be given when a Home Ownership Counseling course is completed through a Webster Five approved vendor, MassHousing or Fannie Mae. No Private Mortgage Insurance (PMI) options available to qualified borrowers.
  • Buy Worcester Now
    If you’re a first-time home buyer with a low to moderate income, buying in Worcester has some great advantages. The Buy Worcester Now loan offers down payment and closing cost assistance to income-eligible borrowers.
  • First Connection First-time Home Buyer Program
    This program offers first-time home buyers with low to moderate incomes an affordable fixed rate on homes built or renovated by local community development centers.
  • FHLB Boston Home Equity Builder Program
    Webster Five is a participating lender with the Federal Home Loan Bank of Boston’s Equity Builder Program (EBP). The EBP is a grant program designed to support homebuyers who earn no more than 80% of the area median income, as determined annually by the U.S. Dept. of Housing & Urban Development (HUD). The program can be used to lower down payment and closing costs for those who qualify.
Webster Five offers several unique money-saving programs for veterans and individuals or families with low to moderate incomes.
  • MassHousing mortgage loans
    MassHousing provides below-market rate mortgages to income-eligible borrowers for the purpose of purchasing or refinancing a home. In addition to low interest rates, the program offers low down payment requirements (3%) and flexible underwriting guidelines, including no Private Mortgage Insurance (PMI) programs. Under this program, eligible borrowers can also refinance the first mortgage on their primary residence. Other restrictions may apply.
  • Home Equity Plus and Mortgage Combo
    With a Home Equity Plus loan or line of credit in conjunction with a Webster Five mortgage, you can refinance up to 95% of your current home equity or borrow up to 95% to purchase a home. This solution is ideal for properties that don’t meet the down payment requirements of a standard mortgage or as an alternative to Private Mortgage Insurance (PMI). It’s simple, easy and flexible.
  • FHA Mortgage
    Mortgages issued by federally qualified lenders and insured by the Federal Housing Administration (FHA), FHA loans are designed for borrowers who would like to put as little as 3.5% down toward a new home.
  • Veteran’s Administration (VA) Loan
    A product offered to veterans who meet specific eligibility criteria. The program requires no down payment with flexible underwriting guidelines. Some closing costs are paid by the lender. No income limitations.
  • Affordable “Home for the Brave” Homebuyer Program
    A home ownership program offered by Webster Five in conjunction with the Mortgage Insurance Fund of the Massachusetts Housing Finance Agency. It provides first mortgages to income-eligible potential homebuyers who are veterans of the U.S. armed services. This program is also available to active duty military and the spouses of soldiers, sailors, airmen or marines killed while on active duty. No down payment is required for single-family homes and eligible condominiums. Other restrictions may apply.
Webster Five offers a few programs for borrowers who are beginning the process of building their own home.
  • Turnkey Extended Rate Lock
    Ready for a mortgage, but your home is still being built? Lock in an extended rate while construction is underway and receive protection against potential rate increases in the future, with the ability to float down to market rates as the closing date arrives.
  • Construction Loan
    This loan allows you to customize the home you want, when you want it. Build on your own land or let us help you finance the purchase of land with interest only payments on disbursed funds during the build phase. Construction term up to 12 months and seamless transition to conventional mortgage financing upon completion.

How can we help you today?