Mortgage Programs
Start your journey home.
Christopher Gleason
NMLS #476725 | Norwood [email protected]
Buying a home should be exciting. We’re here to keep it that way. With our range of mortgage programs, move-in day is closer than you think.
Journey Home
Getting ready to buy your first home? First, congratulations! Second, check out our infographic for all the information you need — what the process involves, steps you need to take, and documents you need to provide.
| Works best for | Rate Information | Special Features | |
| Fixed Rate Mortgage | Someone who wants a consistent monthly payment | Stays the same for the entire term of the loan, making monthly budgeting easier | Special programs available for municipal, medical, and other professions |
| Adjustable Rate Mortgage (ARM) | Someone who may not be in the home long-term and may be looking for a lower initial rate | Changes based on the type of loan chosen | Special programs available for municipal, medical, and other professions |
| First Time Homebuyer | Someone who is new to home buying and may need extra assistance | Typically, a fixed rate | Programs available that offer lower down payment, lower income requirements and lower closing cost |
| Construction Loan | Someone who is buying property and having a home built, or is renovating an existing home | Construction Loan payments are interest-only for 12 months. Permanent Loans can be fixed or adjustable rate | Borrow to build your home, then convert to a longer-term mortgage with a single closing |
| Jumbo Mortgage | Someone looking for a mortgage of $726,200+ | Can be fixed or adjustable rate | Loans up to $2,000,000 |
All loans subject to credit approval.
Down Payment & Closing Cost Assistance
Buying a home may be one of the largest and most important purchases many of us will ever make. It can also be daunting and costly. At Dedham Savings, we have many resources to assist with down payment and/or closing costs to help you on your journey home.
NOTE: Programs below are offered on a first-come, first-served basis, while funds remain available. Individual program restrictions and income limits apply.
Click here to learn about special Down Payment and Closing Cost Assistance Programs:
City of Boston Loans
Equity Builder Program (EBP)
Housing our Workforce (HOW)
MassHousing
Dedham Savings Program
Affordable Mortgage Options
Dedham Savings is proud to partner with MassHousing and the Massachusetts Housing Partnership in offering many special Mortgage that include competitive fixed rates and low down payments. MassHousing is a not-for-profit agency whose public mission is to make affordable loans to homebuyers with modest incomes. Massachusetts Housing Partnership works to help increase the supply of affordable housing in Massachusetts. Affordable Mortgage Options available through Dedham Savings include:
- A MassHousing Mortgage can help create affordability and increase buying power, including options with PMI (Private Mortgage Insurance) paid by Lender (LPMI), PMI paid by Borrower (BPMI), or even a no MI option.
- The ONE Mortgage Program is the most affordable loan for first-time home buyers, especially those with low to moderate incomes.
- The ONE+Boston Program combines City of Boston funds with features of the ONE Mortgage to increase the buying power of eligible residents purchasing a home within the City.
Meet the Team
Home Equity Options
Whether you’re thinking about a new car or a backyard patio, a home equity loan or line of credit could help you fund it. We’ll help you find the right option to bring your dreams to life.
Start Up Savings
Designed for first-time savers, this account helps you save faster. Way faster. At 5.00% APY1, you’ll reach those goals before you know it.