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Community Home Loans

Strengthening our neighborhoods through homeownership

The communities we serve in Massachusetts and Rhode Island benefit when more people own homes and take pride in the area. BankFive is proud to work with MassHousing to offer housing assistance to qualified borrowers who would otherwise be denied a conventional mortgage. Together, we'll help you figure out which option is right for you, so you can realize your dreams of homeownership.

We'll help clear your path to buying a home:

  • Low- and no-down payment options available
  • Lower credit score thresholds
  • Secured by Massachusetts and Rhode Island housing agencies

Trustpilot
June 29
Michelle is the BEST loan officer I've ever worked with
Working with Michelle from BankFive was an absolute pleasure. Unlike other loan officers who are looking to make a quick sale and push you off to the next rep, Michelle was extremely hands on throughout the process and EXTREMELY knowledgable about all of the best practices to save ME money at the end of the day. She was quick to answer my questions and MOST important of all, she offered a competitive loan that beat out literally every other mortgage company I researched and got quotes from (and I researched a ton of companies). If I had to go back and close on my home a second time, I would 1000% choose Michelle from BankFive as she was a big reason why we were able to close successfully.
Anthony Gallo
Trustpilot
June 24
Smooth Processing
Process was very smooth, got good rates. Jim was very helpful throughout the process. Can’t ask for anything more.
Sri Venkata Naga V R Vadakattu
Trustpilot
May 11
Excellent teamwork
The entire team has been excellent to work with! Yubetzy, Vaida and Wil went over and beyond in supporting two real estate transactions for us. We are very happy with our terms and so appreciative of the the level of care from everyone on Wil’s team.
Jenn Z.
Trustpilot
May 05
Great experience
Great experience! Fast very informative and streamlined mortgage process. Monica Botelho was a pleasure to work with. I highly recommend anyone to work with her.
Jon vida
Trustpilot
April 19
Susana Neves Coito and Tina Gobin are the best!
Susana Neves Coito and Tina Gobin were both very helpful in processing our mortgage loan. They made what seemed like an overwhelming ordeal, into an easier than expected experience. They walked us through each step clearly and talked us off each ledge. Susana and Tina were always very professional, courteous and prompt in getting back to us. I will recommend Bank5 to my friends and family.
John and Rod
Trustpilot
February 27
Michelle Guertin is simply the BEST
I have had the pleasure of working with Michelle twice now for mortgage refinancing. She is professional, informative, and guided me through the ( sometimes) very confusing process with efficiency, attentiveness, and outstanding customer service, She was always accessible for questions and keeping me informed of all steps along the way. She is a true asset to Bank 5 and I highly recommend Michelle for any mortgage needs.
B. Quinn
Trustpilot
January 13
CAPE FIVE SAVED THE DAY!!
We purchased a house on Cape Cod at the end of October. Our mortgage was pre approved by a lender in Florida; home of our primary residence. After the appraisal and inspections and all other issues of purchase were finalized this lender tried to add an outrageous additional fee to the closing; within 5 days of scheduled close. That is when my wife and I were introduced to an incredible group people; lead by Claudette Vickery of Bank Five. They assured us that if we could comply with supplying all required documents and paperwork that they could get us qualified and closed within 21/25 days . It was a challenge for all involved but a group of four or five people in the mortgage department worked with us 24 hours a day including weekends and we closed in less as scheduled.
Jeff & Pam
Trustpilot
January 05
Bank5 did an excellent job from initial…
Bank5 did an excellent job from initial app to final closing … they met my timeline and reevaluated the appraisal to a higher amount per my request… very professional but flexible to meet my needs
Rich
Trustpilot
January 05
Nice and smooth process...
Nice and smooth process...
Christian
Trustpilot
December 29
Process was smooth and efficient
Process was smooth and efficient. Lender took care of everything that it could.
Michael
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Community Home Loans
MassHousing Loans
Backed By MassHousing
Down Payment Requirement Low- and no-down payment options
Geographical Restrictions Massachusetts
Income Limits Up to $126,900, depending on county
Credit Requirements Minimum credit score of 640
Property Types Single-family residences, condos, and 2-4 family homes
Must Be Owner-Occupied Yes
Mortgage Insurance Required Yes
Special Requirements May not own more than one home upon closing
Learn More

Apply Now
Rhode Island Housing Loans
Backed By Rhode Island Housing
Down Payment Requirement Low- and no-down payment options
Geographical Restrictions Rhode Island
Income Limits None
Credit Requirements Minimum credit score of 620
Property Types Single-family residences, condos, and 2-4 family homes
Must Be Owner-Occupied Yes
Mortgage Insurance Required There is an option for no private mortgage insurance, but only available to first-time home buyers
Special Requirements May not own more than one home upon closing
Learn More

Apply Now
MassHousing Loans
Backed By MassHousing
Down Payment Requirement Low- and no-down payment options
Geographical Restrictions Massachusetts
Income Limits Up to $126,900, depending on county
Credit Requirements Minimum credit score of 640
Property Types Single-family residences, condos, and 2-4 family homes
Must Be Owner-Occupied Yes
Mortgage Insurance Required Yes
Special Requirements May not own more than one home upon closing
Learn More

Apply Now
Rhode Island Housing Loans
Backed By Rhode Island Housing
Down Payment Requirement Low- and no-down payment options
Geographical Restrictions Rhode Island
Income Limits None
Credit Requirements Minimum credit score of 620
Property Types Single-family residences, condos, and 2-4 family homes
Must Be Owner-Occupied Yes
Mortgage Insurance Required There is an option for no private mortgage insurance, but only available to first-time home buyers
Special Requirements May not own more than one home upon closing
Learn More

Apply Now
MassHousing Loans Rhode Island Housing Loans
Backed By MassHousing Rhode Island Housing
Down Payment Requirement Low- and no-down payment options Low- and no-down payment options
Geographical Restrictions Massachusetts Rhode Island
Income Limits Up to $126,900, depending on county None
Credit Requirements Minimum credit score of 640 Minimum credit score of 620
Property Types Single-family residences, condos, and 2-4 family homes Single-family residences, condos, and 2-4 family homes
Must Be Owner-Occupied Yes Yes
Mortgage Insurance Required Yes There is an option for no private mortgage insurance, but only available to first-time home buyers
Special Requirements May not own more than one home upon closing May not own more than one home upon closing
Learn More

Apply Now
Learn More

Apply Now
Mortgage Resources
Find out how much home you can afford, review our homebuyer checklist, and check rates.