Last Updated: 04/18/2025
Century Bank of Massachusetts Mortgages
Unaffiliated
Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rate
Cast Your Vote
Compare All Home Mortgage Loans
Filter & compare all your options in one place.
Highlights
Credit Score Range
600 - 800
Amount Range
Up to $1,000,000
Loan Term (Years)
15 - 30
Century Bank of Massachusetts Mortgages Review
Century Bank of Massachusetts Mortgages is offered by Century Bank of Massachusetts (NMLS #411068), a bank founded in 1969 and based in Somerville, MA. Century Bank of Massachusetts Mortgages are available in 1 state.
Key Takeaways
- Only offers one mortgage pogram. Century Bank of Massachusetts Mortgages only provides jumbo mortgages.
- Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
- Standard interest rates types. Century Bank of Massachusetts Mortgages offers adjustable-rate mortgages and fixed-rate mortgages.
- No primary residences considered. Century Bank of Massachusetts Mortgages does not offer financing for primary homes.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
- Maximum LTV. Century Bank of Massachusetts Mortgages has a maximum loan to value ratio of 75%.
- Fair credit accepted. Borrowers with a credit score as low as 600 may qualify for Century Bank of Massachusetts Mortgages.
Century Bank of Massachusetts Mortgages Pros & Cons
| Pros | Cons |
|
|
Century Bank of Massachusetts Mortgages FAQ
How much can you borrow via Century Bank of Massachusetts?
Century Bank of Massachusetts Mortgages allows borrowers to apply for loan amounts of up to $1,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
What is the maximum loan term you can get with Century Bank of Massachusetts Mortgages?
Century Bank of Massachusetts Mortgages offers mortgages with terms ranging from 15 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What mortgage rates does Century Bank of Massachusetts offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
Do they charge mortgage origination fees?
Yes, Century Bank of Massachusetts Mortgages may charge a loan origination fee .
What mortgage programs are available?
Besides conventional mortgages, Century Bank of Massachusetts Mortgages offers the following mortgage types:
- Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency.
What is the customer service phone number?
The customer service number for Century Bank of Massachusetts Mortgages is (866) 823-6887.
What is the support contact email?
The support contact email for is socialwebteam@easternbank.com.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
8:00AM - 4:00PM
Tuesday
8:00AM - 4:00PM
Wednesday
8:00AM - 4:00PM
Thursday
8:00AM - 5:00PM
Friday
8:00AM - 5:00PM
Saturday
8:00AM - 1:00PM