SuperMoney
  Century Bank of Massachusetts Mortgages

Century Bank of Massachusetts Mortgages

in Home Purchase Mortgages from Century Bank of Massachusetts · NMLS ID #411068

Unaffiliated

Century Bank of Massachusetts Mortgages

Unaffiliated

in Home Purchase Mortgages from Century Bank of Massachusetts · NMLS ID #411068

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend Century Bank of Massachusetts Mortgages to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Loan Amount Up to $1,000,000
Loan Term (Years) 15 - 30 years
Credit Score Range 600 - 800

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 is available in 1 state across the USA.

Key Takeaways
  • Only two mortgage programs offered. Century Bank of Massachusetts Mortgages provides jumbo and conventional 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.
  • Only primary residences considered. Century Bank of Massachusetts Mortgages does not offer financing for vacation homes or investment properties.
  • 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
  • Considers applicants with fair credit.
  • Offers financing for single family, multi-family, and manufactured homes.
  • Charges an origination fee.
  • Charges prepayment fees.
  • Only available in 1 state.
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.

Century Bank of Massachusetts Mortgages offers home loans with APRs starting at 2.893% and up to 3.238%.

Does Century Bank of Massachusetts Mortgages charge an application fee?

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 ($548,250 as of 2021).

What is the customer service phone number?

The customer service number for this business card is (866) 823-6887.

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.

Contact

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

Other Services by Century Bank of Massachusetts

Availability

  Available in 1 state
Massachusetts
Availabile in all of Massachusetts

Feature Breakdown

Credit Score Range 600 - 800
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Maximum LTV 75%
Minimum Age 18
Property Type
  • Manufactured/Mobile Home
  • Multi-Family Home
  • Single Family Home
  • Townhome
Verification Documents Required
  • Recent Pay Stubs
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
  • Driver License (or other photo ID)
APR 2.893% - 3.238%
Loan Amount Up to $1,000,000
Loan Term 15 - 30 years
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
Mortgage Programs
  • Jumbo

Be the first to rate

 

Would you recommend Century Bank of Massachusetts Mortgages to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Home Purchase Mortgages