Needham Bank

MORTGAGE	RATE	ANNUAL PERCENTAGE RATE (APR)	MONTHLY PAYMENTS PER $1,000 BORROWED	PRODUCT DETAILS
5/5 Adjustable Rate (40 Year Term)	6.250%	6.714%	$5.68	Product Details
30 Year Fixed Rate	6.625%	6.723%	$6.40	Product Details
20 Year Fixed Rate	6.500%	6.628%	$7.46	Product Details
15 Year Fixed Rate	6.125%	6.283%	$8.51	Product Details
30 Year Fixed Rate First Time Homebuyer	6.500%	6.597%	$6.32	Product Details

MORTGAGE	RATE	ANNUAL PERCENTAGE RATE (APR)	MONTHLY PAYMENTS PER $1,000 BORROWED	PRODUCT DETAILS
30 Year Fixed Rate	6.750%	6.848%	$6.49	Product Details
20 Year Fixed Rate	6.625%	6.753%	$7.53	Product Details
15 Year Fixed Rate	6.250%	6.408%	$8.57	Product Details
10 Year Fixed Rate	6.250%	6.474%	$11.23	Product Details
7/1 Adjustable Rate (30 Year Term)	6.375%	6.616%	$6.24	Product Details
5/5 Adjustable Rate (40 Year Term)	6.250%	6.708%	$5.68	Product Details
5/1 Adjustable Rate (30 Year Term)	6.250%	6.735%	$6.16	Product Details
3/1 Adjustable Rate (30 Year Term)	6.250%	6.680%	$6.16	Product Details

Mortgage	RATE	ANNUAL PERCENTAGE RATE (APR)	MONTHLY PAYMENTS PER $1,000 BORROWED	PRODUCT DETAILS
NB WealthBuilder Mortgage (5/5 Adjustable Rate 20 Year Term - Conforming)	6.625%	6.840%	$7.53	Product Details

Mortgage	RATE	ANNUAL PERCENTAGE RATE (APR)	MONTHLY PAYMENTS PER $1,000 BORROWED	PRODUCT DETAILS
Home Equity Line of Credit (HELOC)	7.000%	7.000%	N/A	Product Details
Alternative Income	9.500%	9.500%	N/A	Product Details
Non Owner-Occupied (Investment Property)	9.500%	9.500%	N/A	Product Details

5/5 ARM 40 Year Term

An adjustable rate mortgage has a monthly payment that may change over the term of the loan. With our 5/5 ARM, your payment won't change for the first five years but is subject to a rate adjustment every subsequent 5 years based on market conditions. The 40-year term offers a lower payment and presents a more affordable alternative to the 30-year fixed rate.

Loan Term	480 Months	The period of time for the loan to be repaid.
Interest Only Term	N/A	During this term, the payment covers only the cost of your interest. After this period, the payment will increase.
Initial Fixed Period	60 Months	The initial rate will be fixed for this period. After this period, the interest rate will be adjusted at the frequency noted below (Subsequent Adjustment Period).
Subsequent Adjustment Period	60 Months	After the initial fixed period, the interest rate will be adjusted each time this number of months has passed.
Initial Adjustment Cap	2.000%	The maximum amount the rate may increase or decrease after the Initial Fixed Period.
Periodic Adjustment Cap	2.000%	The maximum amount the rate may increase or decrease after each Subsequent Adjustment Period.
Maximum Interest Rate	Initial Rate + 5.000%	The maximum interest rate you may be required to pay.
Index	Weekly Five Year Constant Maturity Treasury (CMT)	A published interest rate used to establish the interest rate offered on an Adjustable Rate Mortgage (ARM). Some of the most common indices are Treasury Bills, Treasury Securities, and the Cost of Funds Index (COFI).
Current Index Value	4.31%	The current value of the Index as of the date below - this value is subject to change without notice.
Margin	2.750%	The amount that is added to the Index to determine the rate at each adjustment (subject to any adjustment caps or floors).

Important Loan Information (Updated February 3, 2025)

The payment information provided below assumes the purpose of the loan is to purchase a property, with a loan amount of $806,500 and an estimated property value of $1,008,125. The property is located in the Commonwealth of MA. The property is an existing single family home and will be used as a primary residence. The assumed credit score is 740.

At a 6.500% initial interest rate, the APR for this loan type is 7.044%, subject to increase. The estimated payment schedule would be:

60 payments of $4,721.71 at an interest rate of 6.500%
420 payments of $5,011.84 at an interest rate of 7.000%*

*This is an estimated fully indexed rate this loan could adjust to after the initial 60 month period.

The loan sample above is for example purposes only. The payment does not include taxes or insurance, and may not reflect the current interest rate or APR. Your actual payment obligation will be greater.

30-Year Fixed Rate

A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today.

Important Loan Information (Updated January 13, 2025)

The payment information below provided assumes the purpose of the loan is to purchase a property, with a loan amount of $806,500 and an estimated property value of $1,008,125. The property is located in the Commonwealth of MA. The property is an existing single-family home and will be used as a primary residence. The assumed credit score is 740.

At a 7.000% interest rate, the APR (Annual Percentage Rate) for this loan type is 7.100%. The payment schedule would be:

360 payments of $5,365.66 at an interest rate of 7.000%

20-Year Fixed Rate

A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today. By choosing a 20-year fixed rate loan, you will have the monthly payment that is greater than the 30-year fixed rate, but you will be building equity in your home faster.

Important Loan Information (Updated January 13, 2025)

The payment information provided below assumes the purpose of the loan is to purchase a property, with a loan amount of $806,500 and an estimated property value of $1,008,125. The property is located in the Commonwealth of MA. The property is an existing single-family home and will be used as a primary residence. The assumed credit score is 740.

At a 6.875% interest rate, the APR (Annual Percentage Rate) for this loan type is 7.005%. The payment schedule would be:

240 payments of $6,192.42 at an interest rate of 6.875%

15-Year Fixed Rate

A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today. Choose a 15-year fixed rate loan if you're comfortable with a higher payment and you will have the benefit of substantial interest savings.

Important Loan Information (Updated January 13, 2025)

The payment information provided below assumes the purpose of the loan is to purchase a property, with a loan amount of $806,500 and an estimated property value of $1,008,125. The property is located in the Commonwealth of MA. The property is an existing single-family home and will be used as a primary residence. The assumed credit score is 740.

At a 6.750% interest rate, the APR (Annual Percentage Rate) for this loan type is 6.911%. The payment schedule would be:

180 payments of $7,136.79 at an interest rate of 6.750%

30-Year Fixed First Time Home Buyer

A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today. Please contact our loan officer today to discuss what specific cities and towns we include in this program.

Important Loan Information (Updated January 13, 2025)

The payment information provided below assumes the purpose of the loan is to purchase a property, with a loan amount of $806,500 and an estimated property value of $1,008,125. The property is located in the Commonwealth of MA. The property is an existing single-family home and will be used as a primary residence. The assumed credit score is 740.

At a 6.875% interest rate, the APR (Annual Percentage Rate) for this loan type is 6.974%. The payment schedule would be:

360 payments of $5,298.13 at an interest rate of 6.875%

Jumbo 30-Year Fixed Rate

A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today.

Important Loan Information (Updated January 13, 2025)

The payment information provided below assumes the purpose of the loan is to purchase a property, with a loan amount of $1,500,000 and an estimated property value of $1,875,000. The property is located in the Commonwealth of MA. The property is an existing single-family home and will be used as a primary residence. The assumed credit score is 740.

At a 6.875% interest rate, the APR (Annual Percentage Rate) for this loan type is 6.974%. The payment schedule would be:

360 payments of $9,853.93 at an interest rate of 6.875%

Jumbo 20-Year Fixed Rate

A fixed rate mortgage provides you with the security of a monthly payment that doesn’t change. Fixed rate loans are one of the most popular loan options today. By choosing a 20-year fixed rate loan, you will have the monthly payment that is greater than the 30-year fixed rate, but you will be building equity in your home faster.

Important Loan Information (Updated January 13, 2025)

The payment information provided below assumes the purpose of the loan is to purchase a property, with a loan amount of $1,500,000 and an estimated property value of $1,875,000. The property is located in the Commonwealth of MA. The property is an existing single-family home and will be used as a primary residence. The assumed credit score is 740.

At a 6.750% interest rate, the APR (Annual Percentage Rate) for this loan type is 6.879%. The payment schedule would be:

240 payments of $11,405.46 at an interest rate of 6.750%

Jumbo 15-Year Fixed Rate

A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today. Choose a 15-year fixed rate loan if you're comfortable with a higher payment and you will have the benefit of substantial interest savings.

Important Loan Information (Updated January 13, 2025)

The payment information provided below assumes the purpose of the loan is to purchase a property, with a loan amount of $1,500,000 and an estimated property value of $1,875,000. The property is located in the Commonwealth of MA. The property is an existing single-family home and will be used as a primary residence. The assumed credit score is 740.

At a 6.625% interest rate, the APR (Annual Percentage Rate) for this loan type is 6.785%. The payment schedule would be:

180 payments of $13,169.91 at an interest rate of 6.625%

Jumbo 10-Year Fixed Rate

A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today. Choose a 10-year fixed rate loan if you're comfortable with a higher payment and you will have the benefit of substantial interest savings.

Important Loan Information (Updated on January 13, 2025)

The payment information provided below assumes the purpose of the loan is to purchase a property, with a loan amount of $1,500,000 and an estimated property value of $1,875,000. The property is located in the Commonwealth of MA. The property is an existing single-family home and will be used as a primary residence. The assumed credit score is 740.

At a 6.625% interest rate, the APR (Annual Percentage Rate) for this loan type is 6.850%. The payment schedule would be:

120 payments of $17,127.75 at an interest rate of 6.625%

7/1 Adjustable Rate (30 Year Term)

An adjustable rate mortgage has a monthly payment that may change over the term of the loan. With our 7/1 Adjustable Rate Mortgage, your payment won't change for the first seven years of the loan and then can change each year based on market conditions, subject to the specific terms of the loan.

Loan Term	360 Months	The period of time for the loan to be repaid.
Interest Only Term	N/A	During this term, the payment covers only the cost of your interest. After this period, the payment will increase.
Initial Fixed Period	84 Months	The initial rate will be fixed for this period. After this period, the interest rate will be adjusted at the frequency noted below (Subsequent Adjustment Period).
Subsequent Adjustment Period	12 Months	After the initial fixed period, the interest rate will be adjusted each time this number of months has passed.
Initial Adjustment Cap	2.000%	The maximum amount the rate may increase or decrease after the Initial Fixed Period.
Periodic Adjustment Cap	2.000%	The maximum amount the rate may increase or decrease after each Subsequent Adjustment Period.
Maximum Interest Rate	Initial Rate + 6.000%	The maximum interest rate you may be required to pay.
Index	Weekly One Year Constant Maturity Treasury (CMT)	A published interest rate used to establish the interest rate offered on an Adjustable Rate Mortgage (ARM). Some of the most common indices are Treasury Bills, Treasury Securities, and the Cost of Funds Index (COFI).
Current Index Value	4.16%	The current value of the Index as of the date below - this value is subject to change without notice.
Margin	2.750%	The amount that is added to the Index to determine the rate at each adjustment (subject to any adjustment caps or floors).

Important Loan Information (Updated February 3, 2025)

The payment information provided below assumes the purpose of the loan is to purchase a property, with a loan amount of $1,500,000 and an estimated property value of $1,875,000. The property is located in the Commonwealth of MA. The property is an existing single-family home and will be used as a primary residence. The assumed credit score is 740.

At a 6.750% initial interest rate, the APR (Annual Percentage Rate) for this loan type is 6.933%, subject to increase. The estimated payment schedule would be:

84 payments of $9,728.97 at an interest rate of 6.750%
276 payments of $9,853.93 at an interest rate of 6.875%*

*This is an estimated fully indexed rate this loan could adjust to after the initial 84 month period.

Loan Term	480 Months	The period of time for the loan to be repaid.
Interest Only Term	N/A	During this term, the payment covers only the cost of your interest. After this period, the payment will increase.
Initial Fixed Period	60 Months	The initial rate will be fixed for this period. After this period, the interest rate will be adjusted at the frequency noted below (Subsequent Adjustment Period).
Subsequent Adjustment Period	60 Months	After the initial fixed period, the interest rate will be adjusted each time this number of months has passed.
Initial Adjustment Cap	2.000%	The maximum amount the rate may increase or decrease after the Initial Fixed Period.
Periodic Adjustment Cap	2.000%	The maximum amount the rate may increase or decrease after each Subsequent Adjustment Period.
Maximum Interest Rate	Initial Rate + 5.000%	The maximum interest rate you may be required to pay.
Index	Weekly Five Year Constant Maturity Treasury (CMT)	A published interest rate used to establish the interest rate offered on an Adjustable Rate Mortgage (ARM). Some of the most common indices are Treasury Bills, Treasury Securities, and the Cost of Funds Index (COFI).
Current Index Value	4.31%	The current value of the Index as of the date below - this value is subject to change without notice.
Margin	2.750%	The amount that is added to the Index to determine the rate at each adjustment (subject to any adjustment caps or floors).

Important Loan Information (Updated February 3, 2025)

The payment information provided below assumes the purpose of the loan is to purchase a property, with a loan amount of $1,500,000 and an estimated property value of $1,875,000. The property is located in the Commonwealth of MA. The property is an existing single-family home and will be used as a primary residence. The assumed credit score is 740.

At a 6.500% initial interest rate, the APR (Annual Percentage Rate) for this loan type is 7.038%, subject to increase. The estimated payment schedule would be:

60 payments of $8,781.85 at an interest rate of 6.500%
420 payments of $9,321.47 at an interest rate of 7.000%*

*This is an estimated fully indexed rate this loan could adjust to after the initial 60 month period.

5/1 Adjustable Rate (30 Year Term)

An adjustable rate mortgage has a monthly payment that may change over the term of the loan. With our 5/1 Adjustable Rate Mortgage, your payment won't change for the first five years of the loan and then can change each year based on market conditions, subject to the specific terms of the loan.

Loan Term	360 Months	The period of time for the loan to be repaid.
Interest Only Term	N/A	During this term, the payment covers only the cost of your interest. After this period, the payment will increase.
Initial Fixed Period	60 Months	The initial rate will be fixed for this period. After this period, the interest rate will be adjusted at the frequency noted below (Subsequent Adjustment Period).
Subsequent Adjustment Period	12 Months	After the initial fixed period, the interest rate will be adjusted each time this number of months has passed.
Initial Adjustment Cap	2.000%	The maximum amount the rate may increase or decrease after the Initial Fixed Period.
Periodic Adjustment Cap	2.000%	The maximum amount the rate may increase or decrease after each Subsequent Adjustment Period.
Maximum Interest Rate	Initial Rate + 6.500%	The maximum interest rate you may be required to pay.
Index	Weekly One Year Constant Maturity Treasury (CMT)	A published interest rate used to establish the interest rate offered on an Adjustable Rate Mortgage (ARM). Some of the most common indices are Treasury Bills, Treasury Securities, and the Cost of Funds Index (COFI).
Current Index Value	4.16%	The current value of the Index as of the date below - this value is subject to change without notice.
Margin	2.750%	The amount that is added to the Index to determine the rate at each adjustment (subject to any adjustment caps or floors).

Important Loan Information (Updated February 3, 2025)

The payment information provided below assumes the purpose of the loan is to purchase a property, with a loan amount of $1,500,000 and an estimated property value of $1,875,000. The property is located in the Commonwealth of MA. The property is an existing single-family home and will be used as a primary residence. The assumed credit score is 740.

At a 6.500% initial interest rate, the APR (Annual Percentage Rate) for this loan type is 6.861%, subject to increase. The estimated payment schedule would be:

60 payments of $9,481.02 at an interest rate of 6.500%
300 payments of $9,853.93 at an interest rate of 7.000%*

*This is an estimated fully indexed rate this loan could adjust to after the initial 60 month period.

3/1 Adjustable Rate (30 Year Term)

An adjustable rate mortgage has a monthly payment that may change over the term of the loan. With our 3/1 Adjustable Rate Mortgage, your payment won't change for the first three years of the loan and then can change each year based on market conditions, subject to the specific terms of the loan.

Loan Term	360 Months	The period of time for the loan to be repaid.
Interest Only Term	N/A	During this term, the payment covers only the cost of your interest. After this period, the payment will increase.
Initial Fixed Period	36 Months	The initial rate will be fixed for this period. After this period, the interest rate will be adjusted at the frequency noted below (Subsequent Adjustment Period).
Subsequent Adjustment Period	12 Months	After the initial fixed period, the interest rate will be adjusted each time this number of months has passed.
Initial Adjustment Cap	2.000%	The maximum amount the rate may increase or decrease after the Initial Fixed Period.
Periodic Adjustment Cap	2.000%	The maximum amount the rate may increase or decrease after each Subsequent Adjustment Period.
Maximum Interest Rate	Initial Rate + 6.000%	The maximum interest rate you may be required to pay.
Index	Weekly One Year Constant Maturity Treasury (CMT)	A published interest rate used to establish the interest rate offered on an Adjustable Rate Mortgage (ARM). Some of the most common indices are Treasury Bills, Treasury Securities, and the Cost of Funds Index (COFI).
Current Index Value	4.16%	The current value of the Index as of the date below - this value is subject to change without notice.
Margin	2.750%	The amount that is added to the Index to determine the rate at each adjustment (subject to any adjustment caps or floors).

Important Loan Information (Updated February 3, 2025)

The payment information provided below assumes the purpose of the loan is to purchase a property, with a loan amount of $1,500,000 and an estimated property value of $1,875,000. The property is located in the Commonwealth of MA. The property is an existing single-family home and will be used as a primary residence. The assumed credit score is 740.

At a 6.500% initial interest rate, the APR (Annual Percentage Rate) for this loan type is 6.931%, subject to increase. The estimated payment schedule would be:

36 payments of $9,481.02 at an interest rate of 6.500%
324 payments of $9,853.93 at an interest rate of 6.875%*

*This is an estimated fully indexed rate this loan could adjust to after the 36 month period.

NB WealthBuilder Mortgage

An adjustable rate mortgage has a monthly payment that may change over the term of the loan. With our 5/5 ARM, your payment won't change for the first five years but is subject to a rate adjustment every subsequent 5 years based on market conditions. This product will allow a borrower to build equity fast with no money down and a short 20-year term.

Loan Term	240 Months	The period of time for the loan to be repaid.
Interest Only Term	N/A	During this term, the payment covers only the cost of your interest. After this period, the payment will increase.
Initial Fixed Period	60 Months	The initial rate will be fixed for this period. After this period, the interest rate will be adjusted at the frequency noted below (Subsequent Adjustment Period).
Subsequent Adjustment Period	60 Months	After the initial fixed period, the interest rate will be adjusted each time this number of months has passed.
Initial Adjustment Cap	2.000%	The maximum amount the rate may increase or decrease after the Initial Fixed Period.
Periodic Adjustment Cap	2.000%	The maximum amount the rate may increase or decrease after each Subsequent Adjustment Period.
Maximum Interest Rate	Initial Rate + 5.000%	The maximum interest rate you may be required to pay.
Index	Weekly Five Year Constant Maturity Treasury (CMT)	A published interest rate used to establish the interest rate offered on an Adjustable Rate Mortgage (ARM). Some of the most common indices are Treasury Bills, Treasury Securities, and the Cost of Funds Index (COFI).
Current Index Value	4.31%	The current value of the Index as of the date below - this value is subject to change without notice.
Margin	2.750%	The amount that is added to the Index to determine the rate at each adjustment (subject to any adjustment caps or floors).

Important Loan Information (Updated February 3, 2025)

The payment information provided below assumes the purpose of the loan is to purchase a property, with a loan amount of $806,500 and an estimated property value of $1,008,125. The property is located in the Commonwealth of MA. The property is an existing single-family home and will be used as a primary residence. The assumed credit score is 740.

At a 6.875% initial interest rate, the APR (Annual Percentage Rate) for this loan type is 7.154%, subject to increase. The estimated payment schedule would be:

60 payments of $6,192.42 at an interest rate of 6.875%
180 payments of $6,252.79 at an interest rate of 7.000%*

*This is an estimated fully indexed rate this loan could adjust to after the initial 60 month period.

Home Equity Line of Credit (HELOC)

Our home equity line of credit puts extra cash as close as your checkbook. Apply now and access cash at any time by transferring funds up to your remaining limit to your FREE Needham Bank checking account.

Important Loan Information

The information provided is based on a $100,000 loan. The property is located in the Commonwealth of MA. The property is an existing single-family home and will be used as a primary residence. The assumed credit score is 740. This assumes that the total of all existing mortgages does not exceed 80% of the property value.

Interest Rate/APR (Annual Percentage Rate):

The interest rate/APR (Annual Percentage Rate) has a variable-rate feature, may change monthly based on the Wall Street Journal Prime Rate (Index) effective at the beginning of each month, and as of December 19, 2024 is currently 7.50%.

To determine the interest rate/APR we subtract a Margin of (0.500%) from the value of the Index, resulting in a current interest rate/APR as of January 2, 2025 7.000%.

The interest rate/APR will never be lower than 3.000% or greater than 18.000%.

Payment: During the Draw period, interest only payments are due monthly, based on the outstanding principal balance. During the Repayment period, amortized principal and interest payments are due monthly based on outstanding principal balance at the end of the Draw period.

Term: 20 years consisting of a 10-year Draw period followed by a 10-year amortized Repayment period. If you make the required minimum monthly payments, on or before the due date, the loan will be paid in full at the end of the Repayment period.

Balance Due at End of Loan Term: $0

Maximum Loan: The lesser of $1,000,000 or the combined loan-to-value of 80%.

Subject to Credit Approval and additional Terms and Conditions may apply.

NOTE: An Alternative Income Verification Home Equity Line of Credit is available with different interest rates/APRs and terms. Please contact us for additional details.

Home Equity Line of Credit (HELOC)

Our home equity line of credit on your investment property puts extra cash as close as your checkbook. Apply now and access cash at any time by transferring funds up to your remaining limit to your FREE Needham Bank checking account.

Important Loan Information

The information provided is based on a $100,000 loan. The property is located in the Commonwealth of MA. The property is an existing single-family home and will be used as an investment property. The assumed credit score is 740. This assumes that the total of all existing mortgages does not exceed 70% of the property value.

Interest Rate/APR (Annual Percentage Rate):

The interest rate/APR (Annual Percentage Rate) has a variable-rate feature, may change monthly based on the Wall Street Journal Prime Rate (Index) effective at the beginning of each month, and as of December 19, 2025 7.500%.

To determine the interest rate/APR we add a Margin of 2.00% to the value of the Index, resulting in a current interest rate/APR as of January 2, 2025 9.500%.

The interest rate/APR will never be lower than 5.000% or greater than 18.000%.

Payment: During the Draw period, interest only payments are due monthly, based on the outstanding principal balance. During the Repayment period, amortized principal and interest payments are due monthly based on outstanding principal balance at the end of the Draw period.

Term: 20 years consisting of a 10-year Draw period followed by a 10-year amortized Repayment period. If you make the required minimum monthly payments, on or before the due date, the loan will be paid in full at the end of the Repayment period.

Balance Due at End of Loan Term: $0

Maximum Loan: The lesser of $1,000,000 or the combined loan-to-value of 70%.

Subject to Credit Approval and additional Terms and Conditions may apply.

NOTE: An Alternative Income Verification Home Equity Line of Credit is available with different interest rates/APRs and terms. Please contact us for additional details.

Mortgage Rates

Jumbo & Adjustable Rate Mortgage Loan Products

No Money Down Mortgage

Home Equity Lines of Credit