An affordable home loan for first-time buyers in Massachusetts.
In conjunction with Massachusetts Housing Partnership (MHP) we are thrilled to offer the ONE Mortgage, designed with MA first-time homebuyers in mind. The ONE Mortgage program helps eligible borrowers overcome common obstacles to homeownership such as high interest rates, large down payment requirements, and mandatory mortgage insurance.
Benefits of ONE Mortgage include:
No Private Mortgage Insurance (PMI) requirement
Below market, fixed interest rate
Down payment requirement as low as 3% for condos, single family, and two-family homes (5% for three-family homes)
Extra assistance for eligible borrowers that could lower your monthly payment
Low credit score requirements
Non-traditional credit allowed
Estimate your monthly payment and see how much you can afford to buy with the ONE Mortgage Calculator. Income limits apply. Limited to first-time homebuyers only. Property must be located in Massachusetts.
Contact us today to learn more about the ONE Mortgage program and get started with an application.
BankFive NMLS #525575 • Member FDIC • Member DIF • Equal Housing Lender
I worked with Wilfredo, Omar & Robert from BankFive on the lending loan of my mortgage. They were very helpful, patient and informative. Definitely happy with using this bank and I would recommend it to anyone I know.
We have been with Bank Five, since they opened their Dartmouth Branch. Always: courteous, concerned, helpful and loyal to their customers and staff. A feeling of extra security in a Family atmosphere. What more could be said! Thank you Bank Five for ‘Being There!’
Bank five looked at our situation as a whole to determine the positive outcome of approving our mortgage, and found ways to get things . Something that other lenders said they would do but could not deliver what was promised and caused more harm than good to our situation .
James Hanewich was especially good with his job , He had clear communication the whole process and delivered on what he said at the end .
Thank you all at Bank Five for helping families own homes and we look forward to a great relationship in the YEARS to come
We had a great experience obtaining a competitive land loan to ultimately be in position to build our dream house. The BankFive representatives were world class, personable individuals who were readily available and helpful each step of the way.
I encountered a issue with my mortgage payment and the bank couldn't have been more helpful. They actually reached out to notify of the payment issue something I wouldn't have noticed on my own. At a larger bank, it would have gone unchecked and potentially lead to penalties.
I have used different banks over the years to finance my home, but I found BankFive's team to be -by far- the most efficient, effective and collaborative I have ever worked with. I never thought I would say this but getting a mortgage was a really good experience.
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.
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