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 forRate InformationSpecial Features
Fixed Rate MortgageSomeone who wants a consistent monthly paymentStays the same for the entire term of the loan, making monthly budgeting easierSpecial 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 rateChanges based on the type of loan chosenSpecial programs available for municipal, medical, and other professions
First Time HomebuyerSomeone who is new to home buying and may need extra assistanceTypically, a fixed ratePrograms available that offer lower down payment, lower income requirements and lower closing cost
Construction LoanSomeone who is buying property and having a home built, or is renovating an existing homeConstruction Loan Payments are interest-only for 18 monthsBorrow to build your home, then convert to a longer-term mortgage with a single closing
Jumbo MortgageSomeone looking for a mortgage of $766,550+Can be fixed or adjustable rateLoans 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)
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

Christopher Gleason
Employee headshot
Kyle Lewis
Robert Madden
Elizabeth Paolini
Cindy Sullivan
Gaar Talanian

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.

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