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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
September 02
Our loan officer Jim Hanewich was…
Our loan officer Jim Hanewich was excellent and made the refi process easy. A great experience from beginning to end.
Joyce
Trustpilot
August 26
Best of the best.
Jim Hanewich and Edy are the best in the business. Jim provides fantastic rates and service, and Edy is responsive and organized. You’re an idiot if you don’t choose Jim and Edy.
Brendan
Trustpilot
August 25
Bankfive was excellent
Bankfive was excellent, Website and application process was easy to follow and fill out. Remortgaged with specialist Arthur McCue. Arthur is very knowledgeable and everything went according to how he explained things on the phone our first call. Kudos to Arthur.
Pierre
Trustpilot
August 22
Jim was excellent to work with…
Jim was excellent to work with throughout the entire process. I appreciated his honesty and hard work. The BankFive system was easy to use and truly streamlined the process.
customer
Trustpilot
August 19
Miracle workers
Andrew and the team at Bank Five literally accomplished a miracle for my family and I. Please contact them with all due haste, I can't recommend them highly enough.
William Aschenbach
Trustpilot
August 19
Process for our refinance was as…
Process for our refinance was as promised and the team at BankFive was great to work with. No suprises.
Richard
Trustpilot
August 11
Monica Botelho handled our refinance
Monica Botelho handled our refinance. She was amazing! The process was seamless. Communication was excellent. We have gone through the refinance process a couple times with other banks for past properties. This experience was the best. I have since recommended and will continue to recommend her to all friends and family in search of quality mortgage/refinance services.
Joshua Frias
Trustpilot
August 11
I would highly recommend James Hanewich…
I would highly recommend James Hanewich at bank 5! He is professional, knowledgeable, and works very fast. I've used James for multiple home loans and every transaction was smooth and what was expected
Glenn
Trustpilot
August 11
Lisa Celio is an excellent mortgage…
Lisa Celio is an excellent mortgage broker. She has helped me with several mortgages and I refer her to family and friends, highly recommend. 10 stars!
Karin
Trustpilot
August 11
Excellent service
Excellent service. The folks at Bank5 we’re professional, friendly and efficient.
Robert
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Community Home Loans
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
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Mortgage Resources
Find out how much home you can afford, review our homebuyer checklist, and check rates.