Our Hadley Branch remains closed as repairs continue. An exact reopening date is not yet available. The drive-up Smart ATM remains open for deposits and loan payments, but please use caution as traffic patterns may shift during construction. Check our website or social media next week for updates. All other branches remain open as usual. Access your accounts anytime through online and mobile banking.
Newsletter 2024 V1 Article - Mortgage Options
When it comes to buying your first, second, or forever home, it’s good to know you have options.
At UMassFive, we can help you find a rate and term to match your home financing goals—from fixed and adjustable rate mortgages to zero-down options through the FHA and MassHousing programs. We even have a special medical mortgage program for our local residents. Look here to see what option could be a good fit for you!
Mortgage myths you can forget
MassHousing – If you’re considering buying a home in Massachusetts, it’s worth a look, as eligibility requirements aren’t as stringent as you might think. MassHousing offers down payment assistance, low rates, and job-loss payment protection mortgage insurance, to name a few of the many benefits.
All About ARMs – Adjustable rate mortgages (ARMs) can be a good fit for a range of homebuyers, especially if you think rates may be going down or leveling out in the future. While ARMs earned a bad reputation in the past, subsequent legislation put more protections in place for homebuyers, making ARMs a worthy option to consider.