Mortgages & Equities
Some banks only see a lending opportunity but at Dean Bank, we see your family’s future. Whether you’re buying your first home, building your dream home, or refinancing the home you’re in – we have the mortgage that’s right for you.
Get Pre-Approved First!
Remember, getting pre-approved for a mortgage before you even start looking for the perfect house, is the best way to go. And, we make it easy! You can apply online for a mortgage 24 hours a day, 7 days a week and you’ll receive your answer in a matter of minutes. Once you’re pre-approved, you’ll know exactly how much house you can buy and sellers will know that you’re a qualified buyer.
* Monthly payments must be auto-debited from a newly opened Dean Bank checking account that receives a direct deposit of at least $200/month. Existing Dean Bank checking accounts are not eligible for this promotion. Other restrictions may apply.
Request an Appointment
Click here to request an appointment with a mortgage professional.
Mortgage Loan Products
Once you’ve found the house you want, all you have to do is pick the Dean Bank mortgage that fits! Here are some tips to help you choose the right one for you:
Consider a fixed-rate mortgage if you plan to stay in your home for the foreseeable future, and you want to plan your budget around a monthly payment you know will never change over the life of the loan.
Adjustable rate mortgages typically have a lower initial fixed rate, followed by adjustment intervals. If you need a lower mortgage payment now and expect your income to rise in the future, or if you will only be in your home for a short time, an adjustable-rate mortgage may work best for you.
If you are looking for your first home, Dean Bank has the right program for you. Our First-Time Home Buyers Special is designed to help you save money – period. With as little as 5% down, your dream of homeownership can come true!
Dean Bank is an approved lender of MassHousing’s family of affordable, fixed-rate, home loan products to low- and moderate-income homebuyers.
If you’re planning to build the home of your dreams rather than buy it, you should consider our construction loan, which lets you wrap the cost of building and a mortgage into one easy loan with just one closing.
Home Equity Financing
After you’re settled into your home, you’ll soon be ready to take advantage of two great home equity financing options that can provide you with funds for major purchases or home improvements:
Fixed-Rate Home Equity Loan
Borrow a lump sum for major expenses using the equity you have built up in your home. Pay it back with a fixed rate and fixed monthly payments for the life of the loan. There may be tax advantages, too, so be sure to check with your financial advisor.
Home Equity Line of Credit
Borrow up to a predetermined limit by simply writing a check when you need the money, and pay nothing until you do. Check with your financial advisor about possible tax advantages.
Home Improvement Mortgages
Here's how they work: With our "Buy it & Fix it Up", "Make it Bigger" and "Make it Better" Mortgages, your loan amount is based on the value of your home AFTER improvements are made. You have one mortgage with one rate and you close just once. This saves you time and money.