Fixed and Adjustable Rate Mortgages

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Find the right mortgage for your budget and lifestyle.

Whether you're buying a home or looking to refinance your existing mortgage, BankFive can help. We offer both fixed rate and adjustable rate mortgages so we can cater to the unique home financing needs of each one of our customers. We specialize in MA and RI mortgages, but can originate mortgages in CT, NH, ME, and FL as well.

Two options with various advantages:

Fixed Rate Mortgages utilize a fixed interest rate, helping to keep your principal and interest payments the same for the entire term.
Fixed Rate Mortgages work well for people who want certainty in their monthly budgeting and who plan to stay in their home for at least 10 years.
Adjustable Rate Mortgages, known as ARMs, provide a lower interest rate in the beginning of the term. The lower interest rate is usually locked in for one, three, or five years before it begins to fluctuate annually based on market conditions, for the rest of the term.
There are caps on how much the interest rate on an Adjustable Rate Mortgage can increase in a year or term. It's also possible for the interest rate to decrease based on market conditions.
Adjustable Rate Mortgages can help you save money on interest payments early in your term.
Adjustable Rate Mortgages can be a good fit for people who have budgeting flexibility, who want a lower initial rate, and/or who plan to sell their home in less than 10 years.

Other Mortgage Options

Sep 29

Monica Botelho got us a great mortgage rate in a really rough environment - not only that, but we closed on our house in what must have been close to record time! Thanks Monica! -Nick + Danie

Nick Ravs

Aug 10

Claudette and Nicole were so professional and easy to speak with. Even with my probably dumb questions, they were patient, prompt in their call backs and emails and very articulate. Nice job!

Robert

Jun 29

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.

Eliza Michelle Asturias

Jun 28

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!’ 🏦👍🗽

Robert & Sharon Morgan

Jun 22

Everyone from the leader to realtor to attorney ect all work as a team

William

May 24

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

Paul Aoun

Apr 11

Michelle Guertin and everyone else we worked with at Bank 5 was awesome. Very helpful and friendly. They made our loan process easy. Highly recommend them.

Tim McGee

Feb 01

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.

Dan

Feb 01

Prompt. Honest. Upfront. Need sensitive.

Uday

Feb 01

Everyone was very helpful throughout the process - Lindsay and Danielle were great.

Stephen

Jan 11

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.

Michael

Sep 21

We needed a land loan, Bank5 was one of the only banks I could find for that loan. The process was quick and smooth. I would recommend them to anyone!

Joseph

Sep 15

Bank5 is very accommodating.

Frank

Aug 02

Was a good experience at all levels(from customer service - the Loan departments).

Mulu

Jul 13

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.

Dear Customer

Jul 13

Seamless operation. Very efficient; and very organized

David

Jul 07

Great People, Help me all the way through the loan process

Rosa

Jun 24

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

May 11

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.

May 05

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