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Traditional Mortgage

Home loans that fit your current finances and future plans

At Webster Five Bank, we answer your questions and keep your mortgage application on track

Choice of fixed-rate and adjustable-rate loans

Flexible repayment terms up to 30 years

Competitive rates and closing costs

No penalties for early repayment

The right size. The right style. The right neighborhood.

There are a lot of factors to consider when buying a home. But the most important decision is choosing the right financing. At Webster Five in Worcester County, MA, we know there are a lot of options to consider and our lending team can help you understand the features of a fixed-rate traditional mortgage, an adjustable-rate mortgage (ARM) and Jumbo loans.

Conventional fixed-rate mortgage

Adjustable-rate mortgage

Jumbo mortgage

  • Special loans for bigger homes or those in more upscale neighborhoods
  • Jumbo Loans may be fixed-rate or adjustable-rate mortgages
  • Arrange for convenient automatic payments through Online or Mobile Banking
  • Special loans for bigger homes or those in more upscale neighborhoods
  • Jumbo Loans may be fixed-rate or adjustable-rate mortgages
  • Arrange for convenient automatic payments through Online or Mobile Banking

Frequently Asked Questions

No, there is no fee for completing our application.

The interest rate is the cost to borrow money disbursed in the loan. The APR is a calculated rate that not only includes the interest rate, but also takes into account other lender fees required to finance the loan.

Yes, when you apply for a loan in advance, we issue a prequalification letter subject to you finding your new home. You can use the prequalification letter to assure real estate brokers and sellers that you are a qualified buyer. The prequalification process helps assure that you are looking in the right price range to comfortably fit your budget. Having been prequalified for a mortgage may also give more weight to any offer you make. When you find the perfect home, contact one of our loan officers or click here to get started on your application.

The maximum percentage of your home’s value depends on the purpose of your loan, how you use the property, and the loan type you choose. The best way to determine what loan amount we can offer is to complete our online application.

Closing costs include items like appraisal fees, title insurance fees, attorney fees, prepaid interest, and documentation fees – to name a few. These items are usually different for each customer due to differences in the type of mortgage, the property location and other factors. You will receive a Loan Estimate of your closing costs prior to your closing for review.

An escrow account requires borrowers to make monthly payments toward real estate taxes and/or home-related insurance as part of the regular monthly mortgage payment. Bills for the taxes and/or insurance are sent directly to the lender who makes the required payments on your behalf. Webster Five may not require an escrow account in all cases.

A rate lock gives you protection from financial market fluctuations that could affect your interest rate. You can choose to lock or not lock (float) your interest rate. On the date and time that you lock, that interest rate remains available to you for a set period of time. If you choose to float your interest rate, your rate will fluctuate with the up and down movements of the financial market. You must lock your rate at least seven business days prior to closing.

Tools to Help You Succeed

Home Equity Loans
Turn home value into possibility

Access the equity you’ve built and put it to work for upgrades, debt consolidation, or your next big goal.

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