Choose The Right Mortgage

You are ready to make that important home purchase. You may want to know how much you can afford each month or which product is best for you! Dedham Savings is here to provide the guidance and resources you need to make this very important decision. 

What are my mortgage options?

Pre-Qualification: Before you begin shopping for your dream home, it is a good idea to get pre-qualified. You'll know exactly how much home you can afford and the sellers will know that you're a qualified buyer. The pre-qualification process is based on your income and credit information, and Dedham Savings offers this service at no cost! Click here to get pre-qualified or contact a Loan Officer to assist you in the details of the mortgage process.

Fixed Rate Mortgage: Conventional fixed rate mortgages have a consistent interest rate for the entire term so your payments remain the same for the life of your loan. Dedham Savings offers a variety of fixed rate products that may meet your needs. Get a Personalized Quote or contact a Loan Officer today.

Adjustable Rate Mortgage (ARM): Generally, ARMs offer lower initial interest rates and may be right if you are looking to increase your buying power. This could be the product for you if you expect to pay off your mortgage within a short time frame. Get a Personalized Quote or contact a Loan Officer today.

Jumbo Mortgage: For those times when you may need a larger loan amount to finance your next endeavor, Dedham Savings has you covered with our Jumbo Mortgages. With our Fixed Rate or Adjustable Rate Mortgage (ARM), you can finance loan amounts up to $2 million. Get a Personalized Quote or contact a Loan Officer today.

Affordable Housing/First Time Homebuyer Programs: Dedham Savings offers a variety of programs to help First Time Homebuyers realize their dream of homeownership. We offer: Fixed Rate mortgage options, programs that offer low down payment, special community programs (Massachusetts Housing Partnership-ONE Mortgage Program), free pre-qualifications, $300 closing cost discounts, down payment and/or closing costs assistance for those who qualify. Contact a Loan Officer today.

MassHousing Programs: Dedham Savings is an approved MassHousing Lender. You may benefit from a loan with mortgage insurance (PMI) that can be paid by either the lender (LPMI) or borrower (BPMI) or even a no mortgage insurance (NOMI option). Or you may choose a loan with PMI that helps with the monthly payments if you lose your job. The bottom line is you'll find a loan that fits your budget for the loan term. Click here to view product options: MassHousing Mortgage With & Without MI.  Contact a Loan Officer today.

Operation Welcome Home: Dedham Savings is a participant in the MassHousing Operation Welcome Home Progam. This program is designed to assist US Armed Service Veterans, as defined by Massachusetts General Laws, active duty military and spouses of soldiers, sailors or marines that died in the line of duty. Up to 100% financing is available to eligible borrowers. Contact a Loan Officer today.

Construction Loan: Dedham Savings offers construction-to-permanent loans. These loans include financing of the lot and construction and mortgage in one loan, with one closing - which will save you time and money! Contact a Loan Officer today.

Home Equity Line and Loan: Dedham Savings offers Home Equity Lines and Home Equity Fixed Rate Loans. You may want to take the equity that you have accumulated in your home to fund the next big project. Whatever your individual needs are, we've got you covered! Decide what product is right for you with our Home Equity Lines and Loans.


If you know what mortgage is best for you, simply apply now