Mortgages

At Northern Bank & Trust Company, we know that buying a home or refinancing a mortgage is one of the biggest decisions you will ever make. That’s why we offer a variety of mortgage programs that feature competitive rates, flexible terms and quick turnaround.

Before you apply for your mortgage loan, you will need to decide which type of loan may be right for you.

Fixed Rate Mortgage

• Consistent monthly payments
• Fixed rate for the life of the loan
• Choose from a variety of terms
• Choose from a variety of point options, including No Points/No Closing Costs.
• Get a fast decision- we can usually accommodate any commitment or closing date requirement.
• Use your outstanding balance to qualify for our premium Northern Light Checking package. Because of your relationship, you deserve all these great money-saving benefits!

Adjustable Rate Mortgage

• More affordable during a rising rate environment.
• 3,5,7-year adjustable rate mortgage options available.
• Leverage your purchasing power.
• Great if you are planning on relocating in a few years!
• Pre-determined caps limit how much your rate can adjust annually, and over the life of the loan.
• Use your outstanding balance to qualify for our premium Northern Light Checking package. We want to reward you for your relationship with these great money-saving benefits!
• See our special 5/1 ARM product.

Jumbo Mortgage

• Available if you need a mortgage over $417,000. (single-family dwelling)
• Variety of options at competitive rates.
• Maximize your cash flow with interest-only payment options.
• Use your outstanding balance to qualify for our premium Northern Light Checking package. We want to reward you for your relationship with these great money-saving benefits!
• See our special 10/1 ARM product.

First-Time Homebuyer Program

• Flexible financing program for those people in the market to buy their first home.
• Lower rates than conventional programs.
• Reduced fees and lower down payment requirements.
• Application guidelines are more flexible so it’s easier to get approved.
• Use your outstanding balance to qualify for our premium Northern Light Checking package. We want to reward you for your relationship with these great money-saving benefits!

Construction and Renovation Mortgages

• For new home construction or home renovation projects.
• Expert loan consultants to help you through the process.
• Convenient one-time closing for construction to permanent financing.

Specialty Lending

• For specialized programs that offer smaller down payments and lower closing costs.
• Choose from a variety of terms.
• Investment mortgages available for multi-family homes, vacation homes, condos and other properties.

Click here to apply now.

Consult with one of our lending specialists at (978) 805-4225 to get more information on which program may be right for you.
To meet the Mortgage Team - Click here.