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Buying a home is probably the single largest investment you'll ever make. Make it the smartest one, too, by choosing a lender who knows and understands mortgage lending like Gloucester Cooperative Bank. Select the loan that's right for you from Gloucester Cooperative's comprehensive list of financing options which include both fixed and adjustable rate mortgage loans. And because Gloucester Cooperative Bank is a community bank, you'll find our service to be exceptional. With more than 100 years of mortgage lending experience, Gloucester Cooperative Bank has a proven record of commitment to home ownership.
ADJUSTABLE RATE MORTGAGES (ARMs)
With an adjustable rate mortgage from Gloucester Cooperative Bank, you can take advantage of a lower initial rate than you'd get with a Fixed Rate Mortgage. Three, five and seven year programs are offered with features including periodic and lifetime rate caps. Rates & Additional Required Disclosures
FIXED RATE MORTGAGES
Whether you are buying a new home or refinancing an existing one, Gloucester Cooperative Bank offers a wide range of fixed rate loan products. A big advantage of fixed rate mortgages is that the rate is guaranteed for the life of the loan and, therefore, you can feel more secure knowing that your mortgage payment will remain the same. Choose from 10, 15 and 30 year terms. Rates & Additional Required Disclosures
FIRST TIME HOME BUYER
If you have always dreamed of owning your own home, let Gloucester Cooperative Bank help you realize your goal. We offer special programs for first time home buyers that may offer lower down payment options, discounted interest rates, higher qualifying ratios, and more flexible underwriting standards. Gloucester Cooperative Bank wants to make your dreams a reality. Talk to a Mortgage Specialist today. Rates & Additional Required Disclosures
RESIDENTIAL CONSTRUCTION LOAN
Gloucester Cooperative Bank offers adjustable and fixed rate mortgages to provide funding for construction of a primary or secondary home. This loan converts to a permanent mortgage after the construction period has ended allowing you to have only one closing.
LAND LOAN
Gloucester Cooperative Bank offers loans to purchase an individual lot where a primary or secondary home will later be constructed. Contact a Mortgage Specialist for more details.
JUMBO LOAN
Gloucester Cooperative Bank offers an adjustable and fixed rate mortgage for loan values exceeding $500,000. Contact a Mortgage Specialist for more details.
Contact a bank representative for more details on our products and services. Click Here.
