IT'S THAT FEELING YOU GET FROM YOUR FIRST HOUSE...
AND THE SMILE YOU HAVE ALL THE WAY UP TO CLOSING DAY.

Workers knows how hard it can be to find your dream home these days.  Bidding wars.  Open houses.  That's why we provide thoughtful guidance and expert advice on finding a mortgage that's right for you - featuring the best mortgage rates and closing costs anywhere.

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certified GiveBack seal
 

  All Workers Mortgage products are included in the GiveBack Program.

 

construction loans mortgages

First Time Homebuyer Loan Program

Buying your first home is a big investment, Workers offers low rates for mortgages and even reduced closing cost options. Our professional mortgage lenders will help you find a financing options that fits your needs.

  • Get pre-approval before house hunting
  • First-time homebuyer loan programs including FHA* & USDA*
  • Mortgages with fixed and variable rates
  • VA Mortgages* for current and past military personnel
  • Jumbo mortgages for amounts greater than $425,000
  • Reduced Cost Closing Option
  • HomeAdvantageTM to earn rebates
  • Free home appraisal credit at closing

 

Call 978-345-1021 ext. 5403 to speak with a Workers mortgage lender today.

 

*VA, FHA & USDA Mortgages are not included in the GiveBack Program.

 
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Construction Loans

If you are building your new home, speak with a Mortgage Professional about a Workers Construction Loan.

  • Fixed, 7/1, and 10/1 Adjustable Rate Mortgage options
  • Lend up to 80% of the sum of the construction cost and purchase price/value of land
  • Maximum 30-years after completion of the construction period
  • Nine month construction period
  • Construction loans are for owner-occupied residence properties

 

Call 978-345-1021 ext. 5403 to speak with a mortgage lender today or email us.

 

*Adjustable Rate Mortgage (ARM) rates effective as of for purchase and refinance of 1-4 family owner-occupied properties. A 5-year term with an interest rate of   3.500%  and an Annual Percentage Rate (APR) of   3.636% is based on a $100,000 loan at 75% Loan-To-Value (LTV) at a cost of  $4.08  per $1,000 borrowed. Caps 2% per adjustment and 6% over the lifetime of the loan. Index is 1-yr Treasury Bill. Margin is 2.50%. Maximum loan amount of $2,000,000 at an 80% LTV. For complete details, please contact Workers' Credit Union. Workers Credit Union membership required, simply open a $25 membership account and you'll be a member!

 
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Jumbo Mortgage

4.125% APR*   4.137% RATE

30-YEAR FIXED RATE

 

A Jumbo Mortgage is a home loan greater than $425,000.
 They are available with 15, 20 and 30-year terms, as well as 5/1 and 7/1 Adjustable Rate Mortgages.

  • Online Pre-approval or Pre-qualification
  • Purchase or refinance your mortgage
  • Expert Mortgage Originators, including one in our Call Center

 

Call 978-345-1021 ext. 5403 to speak with a Workers mortgage lender today.

*All Annual Percentage Rates (APRs) are based on $480,000 loan to purchase a single family primary residence at an 75% Loan-To-Value (LTV) and a FICO Score of 740 or greater unless otherwise noted. Jumbo mortgage limits: 1 family $2,000,000 at 80% LTV. Lesser loan limits apply on LTVs greater than 80%.

 
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Mortgage Refinancing

Refinancing your mortgage involves paying off your current home loan and replacing it with a new one. The mortgage professionals at Workers can walk you through all your options for mortgages refinancing.

 

Benefits of a Workers mortgage refinance:

  • Reduce your monthly payments
  • Refinance your adjustable-rate to a fixed-rate
  • Shorten your loan terms to pay off your mortgage faster
  • Use your home's equity for large home improvement projects
 

Refinancing costs:

  • Appraisal fees
  • Closing/attorney fees
  • Recording fees
  • Credit reports
  • Underwriting fees
  • Private mortgage insurance
  • Loan origination fees


To find out about refinancing your mortgage is right for you visit our Online Loan Consultant, contact a Workers mortgage lender at 978-345-1021 ext. 5403 or email us.

 
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Finish Line Refi Mortgage

7-YEAR FIXED RATE

AS LOW AS -  3.50% APR1

 

10-YEAR FIXED RATE

AS LOW AS -  3.75% APR¹

 

12-YEAR FIXED RATE

AS LOW AS -  3.99% APR¹

 

A Workers Finish Line Refinancing mortgage is for those who are looking at retiring soon or want to pay off their home loan.

  • No closing cost
  • $399 non-refundable application fee
  • Fast approval process and closing
  • Other refinancing rates for a Workers mortgage are available


Call 978-345-1021 ext. 5403 to speak with a Workers mortgage lender today.

1. The Annual Percentage Rate (APR)is fixed, effective as of and includes a 0.50% discount with electronic loan payments from a Workers' Credit Union checking account. APRs are subject to change at any time. A 7-year term with an interest rate of  3.50% ;is repayable in 84 monthly installments of  $13.44 per $1,000 borrowed.  2. A 10-year term with an interest rate of  3.75% is repayable in 120 payments of  $10.01 per $1,000 borrowed.A 12-year term with an interest rate of 3.99% is repayable in 144 payments of  $8.75 per $1,000 borrowed. Minimum loan amount $50,000. Minimum term of Finish Line Refi is five years, or 60 months and maximum term is twelve years, or 144 months. Borrower is responsible for property insurance and any cost or fees required by their current lender to have the loan refinanced with Workers' Credit Union. Maximum loan amount not to exceed 80% of property value for the refinance of a single family owner occupied primary residence and not exceed 75% of property value for an owner occupied second home residence. The program is available only for refinances only of single-family, owner occupied residences and is not available to refinance current Finish Line Refi loans. Requires active direct deposit into a Workers checking account within 60 days of Finish Line closing. Workers' Credit Union membership required. Open a $25 savings account when you close your loan and you will be a member. Other restrictions may apply.

 

 
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Adjustable Rate Mortgage

5/1 Adjustable Rate Mortgage*

3.500% RATE     3.636% APR**


A 30-year term adjustable rate mortgage can give you more options when trying to finance your home . Starting with a lower interest rate on a Mass housing loan can open more doors.

This is the ideal mortgage if you:

  • Want to maximize your buying options for a mortgage
  • Have lower payments during the first few years of your mortgage
  • Plan to move within or pay-off within the next ten years
  • 7/1 and 10/1 ARMs are also available.

Call 978-345-1021 ext. 5403 to speak with a Workers mortgage lender today.

*Adjustable Rate Mortgage (ARM) rates effective as of for purchase and refinance of 1-4 family owner-occupied properties in Massachusetts only. **A 5-year term with an interest rate of   3.500%  and an Annual Percentage Rate (APR) of   3.636% is based on a $100,000 loan at 75% Loan-To-Value (LTV) at a cost of  $4.08  per $1,000 borrowed. 5/1 ARM available single family owner-occupied property in Massachusetts.  7/1 and 10/1 ARM rates are available for construction loans.  Rates on ARMS may increase after closing at applicable adjustment term. Caps 2% per adjustment and 6% over the lifetime of the loan. Index is 1-yr Treasury Bill. Margin is 2.50%. Maximum loan amount of $2,000,000 at an 80% LTV. For complete details, please contact Workers' Credit Union. Workers Credit Union membership required, simply open a $25 membership account and you'll be a member!

 
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