First Ipswich Bank

Personal Business Financial Services First Ipswich News

Contact information

Customer Support:

1-888-667-3697 or call your local branch

24-Hour Telephone Banking:

1-888-356-6100

Member FDIC
Equal Housing Lender

Residential Mortgages and Home Equities

Whether you’re looking to purchase, refinance or build a dream house, First Ipswich Bank will make the financing process easy for you. With several competitively priced options available, let one of our experienced Mortgage Loan Officers help find the loan that is right for you.

Fixed Rate
With a fixed rate mortgage, your interest rate and monthly payment do not change for the life of the loan. So if your preference is to have a predictable payment schedule, this type of loan may be right for you.

Adjustable Rate
With an Adjustable Rate Mortgage (ARM), your interest rate changes at specific intervals, so the amount of your monthly payment could increase or decrease. Most times ARM loans provide a lower initial rate compared to a fixed rate loan, which translates into lower opening monthly payments.

Jumbo
For those looking to borrower a larger sum of money a jumbo loan may be right for you. A jumbo loan exceeds the current maximum conforming mortgage amount of $465,750.

Construction
Our residential construction loan is a mortgage that funds the construction of a new home. The loan is closed for the total loan amount, and the funds are advanced over time based on how much of the home is completed. Once construction is complete the loan converts to a permanent mortgage.

Loan features include:

Available on primary residence and second homes
Fixed rate and ARM loans
Conforming and Jumbo loan amounts available
One-time closing, with only one set of closing costs
Interest-only payments during construction

Home Equity Lines of Credit

Put your home's equity to work for you with a home equity line or loan from First Ipswich Bank. Used sensibly, leveraging the equity in your home can be a smart borrowing option and an extra source of credit to help you better manage and organize your financial life.

Loan features include:

No application fees, points or closing costs
Variable rate as low as Prime minus .26%
Interest may be tax deductible. (please consult your tax advisor)

Home Equity Fixed Rate Loan

Take advantage of a fixed interest rate and set monthly payments that will not change for the life of the loan. We offer competitive fixed rates for owner occupied, 1-4 family properties. You may borrow up to 80% of the equity of your home.

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