At LowellBank we have had the privilege of serving the borrowing needs of our community for over 125 years. We now offer the additional resources of our Omega Mortgage division. Together, our experienced team of mortgage representatives have helped thousands of homeowners just like you — to make homeownership a reality.

Whether you are purchasing, refinancing, or building your new residence, vacation, or investment property, this is an exciting, and sometimes overwhelming time in your life. We'll take the time to work with you in reviewing your needs and make financing your dream a smooth and pleasant experience.

Loan programs are available with as little as a 3.5% down payment and we offer both portfolio and secondary market loan programs to provide you with more options to help you select the loan program that best meets you individual needs. CLICK HERE to view mortgage rates and sample payment.

FHA Loans

• Lower down payment requirements
• Easy qualifications
• Funds needed for home repair can be included in the loan
• Fixed or Adjustable Rate Terms

Fixed Rate Mortgage

• The interest rate is fixed for the life of the loan
• The principal and interest payment never changes
• The shorter the loan term the faster equity is built up in the property
• Prepaying loan principal will shorten the loan term

Adjustable Rate Mortgage

• Initial Rate Fixed for Up to 10 years
• Lower rate than Fixed Rate Program allows higher price and loan qualification
• Future rate changes limited by interest rate caps
• Extended Loan Terms

Jumbo Buster Program

• Conforming Rates for up to $500,000 loan amount
• Choice of either a Fixed or Adjustable Rate Mortgage Loan
• Loans up to $ 1,000,000 at very competitive terms

PMI Buster Program

• Eliminates Mortgage Insurance with as little as a 10% Down Payment
• Available on single family properties and condominiums
• Choice of either a Fixed or Adjustable Rate Mortgage Loan

First Time Homebuyer Program

• Discounted Closing Costs
• As little as a 5% Down Payment
• Option to eliminate mortgage insurance may be available with the PMI Buster Program

Home Equity Lines of Credit

• Available for loans up to $250,000
• Minimum of 20% equity required
• Fixed Rate Conversions Allowed

Second Mortgage Loans

• Rate fixed for life of loan
• Available for loans up to $250,000
• Minimum of 20% equity required

All Loan Program Eligibility subject to Credit, Income, and Property Qualification. Some program availability limited by property location.