Residential

Mortgages

Ready for your big move?
We'll help you find the right path.

When it comes to buying a home, there's an easy way to remove the stress and hassle. You can rely on Florence Bank for sound advice and various mortgage options tailored to your unique needs. Our mortgage team takes the time to listen and understand your current financial situation and long-term goals. You can focus on finding the right home for you and your family, and we’ll handle the financing.

To view our Mortgage Rates, click here.

Select the Mortgage product below to learn more or to begin the mortgage application process:

Fixed Rate Mortgage

You find the home--we'll make it easy to finance with a Fixed Rate Mortgage. You'll get personal service and quick decisions from Florence Bank's local mortgage experts, so you can start planning your budget without worrying about your rate increasing. Learn More

Adjustable Rate Mortgage

Our Adjustable Rate Mortgage can help you finance your home by offering a discounted rate that delivers savings at the start of the loan, when you may really need it. Learn More

Jumbo Mortgage

When you need more financing for your luxury home, Florence Bank has you covered with a Jumbo Mortgage in an amount above conventional conforming loan limits.

While it is larger than most home loans, a Jumbo Mortgage may be your best choice depending on your income, the price of the home you want to buy and the mortgage loan options available to you. Florence Bank offers Jumbo financing for loans above $726,200.

Land Loan

If you have finally found the perfect plot of land, a Land Loan from Florence Bank is a convenient and easy way to buy your property. Let us help you make your dream home a reality.

Construction Loan

Lucky you, you're building a house! We can't help you choose the right color for the living room, but we can help you choose the right financing. Not only are we able to answer your mortgage questions, we can also help you with an affordable mortgage loan that makes the most financial sense for you.

Fixed Rate First-Time Homebuyer Program

Are you a first-time homebuyer looking for the security of a fixed rate mortgage? With as little as 3% down, Florence Bank’s Fixed Rate First-Time Homebuyer Program offers competitive terms including below market interest rates, a lender credit for closing costs, reduced monthly private mortgage insurance payments, and much more. Contact us today for more information.

Adjustable Rate First-Time Homebuyer Program

If you’re a first-time homebuyer looking to purchase your dream house, a Florence Bank Adjustable Rate First-time Homebuyer Mortgage offers lower starting rates than traditional fixed-rate mortgages with the option to choose a 5/1, 7/1, or 10/1 term.

Freddie Mac Home Possible

Home Possible provides a responsible financing option for qualified low- and moderate-income borrowers who may lack funds for a larger down payment.

USDA Guaranteed Rural Loan Program

Are you a home buyer looking for housing in the rural areas of Western Massachusetts? A USDA Loan may be an affordable financing option for you.

A USDA Loan, offered by the U.S. Department of Agriculture, is a government-backed loan offered to qualified home buyers that are specifically looking for housing in rural areas. This type of loan is for home buyers that are seeking a payment option with little to no down payment, as a USDA Loan can typically finance 100% of a mortgage. One of the main stipulations with this loan is that the home purchase must be in an area classified as “rural” by the USDA.

Prequalification

The real estate game can be very competitive. Every little advantage can help you get the house. Let Florence Bank prequalify you in any of our branches with a letter that states the mortgage amount you've been qualified to borrow. This assures sellers that you're a serious buyer who has already been qualified for financing. It could make the difference between getting the perfect house or losing it.

Pre-Approval with Rate Lock*

Our 120 calendar day pre-approval with guaranteed rate-lock strengthens your offer, protects your rate, and allows you to house shop with confidence. We will automatically lock in the interest rate for 120 calendar days at no cost at the time of your pre-approval application. This will allow you time to get approved, shop for a home, and close on your loan.

*Subject to credit approval, pre-approval with 120 calendar day rate lock on a qualifying primary, single family, located in Hampden, Hampshire and Franklin Counties of MA. To guarantee 120 calendar day rate lock, a qualifying property must be identified and mortgage application submitted by the 75th calendar day from the date of the rate lock agreement. Only available on certain mortgage products. Contact us for more details.