Creating Lending Solutions
If you’re looking to purchase a new home in Massachusetts, New Hampshire or Maine, or exploring the benefits of refinancing, you can count on the resources of The Mortgage Center at Enterprise Bank. We offer a wide range of programs and services to assist you with your specific financing needs. Our team of seasoned Mortgage Officers will guide you through the entire process from initial exploration of financing options to the final closing. With decisions made locally, we are flexible and responsive, and able to create solutions quickly and efficiently. And for your convenience, our Mortgage Officers work out of all of our 23 branch locations.
Our customized financing options will help you purchase or refinance your new or existing home, vacation home or investment property.
- » Fixed Rate Mortgages
- » Adjustable Rate Mortgages
- » Jumbo Loans
MassHousing Programs, offered through Enterprise Bank, are designed to offer households within affordable income limits an opportunity for home ownership that might otherwise not be available. It is also available for refinancing your existing mortgage. Borrowers can choose from two mortgage programs: No MI and MI Plus.
We offer expert guidance and flexible options to help make purchasing your first home a simpler process. The Mortgage Center at Enterprise Bank offers a First-Time Home Buyer Program for qualified buyers, or you can choose a MassHousing Program designed for moderate income and first-time home buyers.
Equity Builder Program
Enterprise Bank, in conjunction with the Federal Home Loan Bank (FHLB), is pleased to announce the availability of the Equity Builder Program (EBP). EBP is a down payment assistance program which helps eligible buyers build equity in the property they purchase. If you are an income-eligible, first-time home buyer in Massachusetts or New Hampshire, this program could be the perfect solution for you! If you have not owned a home in the past three years and are currently planning to buy, you may qualify as a “first time homebuyer” under federal guidelines.
Down payment assistance is available through the FHLB up to a maximum of $11,000 to qualified home buyers purchasing a 1-3 family home or qualified condo/townhouse in Massachusetts or New Hampshire.
Grant funds are available for a limited time and on a first come, first serve basis. Certain restrictions and income eligibility requirements apply.
An FHA Loan is a mortgage that’s insured by the Federal Housing Administration. This loan option offers competitive interest rates, lower down payment requirements and more flexible credit guidelines. Learn More
If you’re considering a home renovation or need to finance a major expense, Enterprise Bank offers Home Equity Lines of Credit (HELOC) that let you borrow against the value of your home. A variety of variable rate options are available. Learn More
Are you thinking about buying or refinancing? We have a variety of Mortgage Calculators to help you with the decision making process.
Rent vs. Buy Calculator: Should you buy a home or continue to rent? This calculator helps you work through the fees, taxes, and monthly payments to help you make a good financial decision.
Mortgage Loan Calculator: Use this calculator to get an idea of what your monthly payment would be if you know the loan amount you’re looking for.
Mortgage Comparison Calculator: With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare 15 year and 30 year mortgage terms.
Mortgage Payoff Calculator: This calculator helps determine how much interest you save by increasing your mortgage payment.
Mortgage Refinance Breakeven Calculator: Use this calculator to determine if refinancing your mortgage is a sound financial decision.
Debt Consolidation Calculator: This calculator is designed to help determine whether using a mortgage to consolidate your debt is right for you.
Points Calculator: This calculator helps determine if you should pay for points or use the money to increase your down payment. Buying points when you close your mortgage can reduce its interest rate, which in turn reduces your monthly payment. However, each "point" will cost you 1% of your mortgage balance.
Explore Our eMortgage Center
Our eMortgage Center makes the residential mortgage loan application process easy for our customers! You’ll find all of the resources and information you need to understand the mortgage process. And when you’re ready, you can complete an application for any of our mortgage loan programs, including fixed rate mortgages, adjustable rate mortgages, and home equity lines of credit. The eMortgage Center also offers free pre-approvals for mortgage loans so you can confidently shop for a home that’s within your budget. With Enterprise Bank, you can receive preliminary approval in days rather than weeks... and the online mortgage application can help expedite the timeline.
- » Click on Apply Now to begin the online mortgage loan application process.
- » Click on the Resource Center for helpful explanations of our loan programs, what’s needed for your application, what to expect during the closing, and much more.
- » Click on Check Rates to request a customized quote based on your loan details.
- » Click on Rate Watch to receive updates from Enterprise Bank on current interest rates.
Founded in 1988 in Lowell, Massachusetts, Enterprise Bank serves the entrepreneurial spirit of our thriving, local communities. As a full-service commercial institution, Enterprise Bank provides financial resources for growing businesses, professionals, non-profits and individuals that we welcome, not just as our customers, but as our neighbors. If you cannot find what you are looking for on our website please feel free to contact us.