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The people at Granite Savings Bank Loan Center are committed to providing you with the personal service that only a small community bank can offer. Let us help you buy, build, or refinance your home. A home mortgage is one of the largest financial transactions you may make during your lifetime. At Granite Savings Bank, we understand how important obtaining your mortgage can be. We also know that people, their finances, and their plans for the future can be very different. We focus on the people who live in the neighborhoods we serve, and take pride in offering a variety of portfolio and other products to meet their needs.
We accept applications for residential mortgage loans and home equity loans primarily on properties located in the Cape Ann area of Essex County, Massachusetts.
With a fixed rate and term, you always know what your monthly principal and interest payment will be, making it easier to plan your budget. We offer a number of different programs to fit your specific needs.
An adjustable rate mortgage gives you the benefit of an initial lower interest rate and payment. We offer a variety of adjustment periods to fit your budget. The interest rate and payment is subject to adjustment on each review date and is based on the index (we use the constant maturity United States Treasury Securities index). Caps on the level of interest rate and payment increase( or decrease) are provided for in the mortgage documents.
Building a new home or adding to your existing home is an exciting process. Pay only the interest on the amount outstanding during construction. Principal, interest, and real estate taxes are paid after construction is complete. Talk to a Granite Savings Bank loan officer to get more information.
If you are buying a home for the first time, Granite Savings Bank has a low-cost product with up to 95% financing. Talk to one of our loan officers to learn more about your options.
We will provide you with a letter stating the mortgage loan amount you qualify for based on the income and credit figures you have provided, which can be a useful tool in the process of searching for a new home. The prequalification letter is based on the information you have given us and it is not a commitment. Approval of a mortgage request will require a completed application, verification of income, a satisfactory credit report, and an appraisal of the property indicating sufficient value to secure the loan.
Please e-mail us at granite.lending@verizon.net or call 978-546-0360 for:
  the latest interest rate and product information;
a prequalification appointment;
a mortgage application kit;
an appointment to discuss your individual mortgage needs.
If you are a homeowner, a Granite Savings Bank Home Equity Line of Credit can be a valuable financial resource. Some of the features and benefits are as follows:
Immediate access to the equity in your home;
Competitive rates;
Revolving line of credit;
Access funds by simply writing a check;
Two convenient programs from which to choose;
Monthly payments based only on the amount used;
Interest may be deductible for tax purposes; Consult your tax advisor
Convenient, monthly statements; and
Please e-mail us at granite.lending@verizon.net or call 978-546-0360 for:
the latest interest rate and product information;
a home equity application kit;
an appointment to discuss your individual needs.
Granite Savings Bank offers a variety of consumer loans at competitive rates. Whether you need a personal loan, new or used auto loan, term note, or home improvement, we can help.
Loans secured by a Granite Savings Bank passbook savings or certificate of deposit account are also available.
We accept applications for consumer loans from individuals residing in the communities of Rockport or Gloucester, Massachusetts.
Enjoy the security and convenience of a credit line linked to your Granite Savings Bank checking account to cover funds not currently available and avoid the complications and expenses of returned checks. Credit line amounts range from $500.00 to $2,000.00.
For current information on interest rates, or to request an application e-mail us at granite.lending@verizon.net or call 978-546-0360.
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