Mortgages

Mortgage lending built on trust and experience

Becoming a homeowner means so much more than buying a house. It’s your home. A place where families come together, memories are made, and futures are planned.

At Webster First, we understand how important financial decisions with your home can be. That’s why our commitment is to you and understanding your unique needs. We’ll help you make the right decision, so you can focus on what really matters

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Mortgage programs and rates

Fixed Rate

  • As low as 6.119% APR*
  • Your rate and payments are fixed for the life of the mortgage
  • Terms of 15, 20, 30, or 40 years
  • Good option if you plan on staying in your home for longer than 10 years and prefer your payments stay the same

Adjustable Rate

  • As low as 5.945% APR*
  • Fixed rates and payments to start that are subject to change after a few years
  • A variety of terms are available
  • Good option if you plan on moving in less than 10 years and prefer a lower payment at the beginning of your mortgage

First Time Home Buyer

  • As low as 6.541% APR*
  • Your rate and payments are fixed for the life of the mortgage
  • A 30 year fixed rate term
  • Great option if you are looking to purchase your first home

What to expect after you apply

1
We'll put it together

Your Mortgage Loan Officer will help you gather the necessary documentation and take care of disclosures.

2
Processing

After approval, our team will process your loan and submit it for Underwriter approval.

3
Appraisal and closing

Once your appraisal is approved, your loan will be sent to WebFirst Mortgage, LLC, our in-house closing agent.

4
Home ownership!

Our closing agency will walk you through the final paperwork. Congratulations, you're a home owner!

Protect your home for years to come

We’re pleased to offer homeowners insurance through our subsidiary, WebFirst Insurance, LLC. WebFirst Insurance will work with you to determine the right coverage for your needs, and then search their network of carriers to find the right price.

Learn More

How can we help?

Our dedicated Mortgage Loan Officers are here to answer your questions. Contact your local branch for a mortgage expert right around corner.

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Current rates

Type Rate APR Monthly Payment (per $1,000) Points
Adjustable Rate Mortgages

5 & 1 Fixed Variable

5.875% 5.945% $5.92 0

7 & 1 Fixed Variable

6.000% 6.132% $6.00 0

7 & 3 Fixed Variable

6.125% 6.197% $6.08 0

10 & 5 Fixed Variable

6.250% 6.492% $6.16 0

Convertible

4.000% 6.396% $4.77 0

1 Year Adjustable Rate Mortgage

4.000% 6.396% $4.77 0

3 Year Adjustable Rate Mortgage

4.125% 6.165% $4.85 0

40 Year Mortgage

6.000% 6.130% $5.50 0
Land Loan

1 – 10 Years, 25% Down Payment

4.000% 6.104% $10.12 0
Fixed Rate Mortgages

15 Year

6.000% 6.119% $8.44 0

20 Year

6.500% 6.599% $7.46 0

30 Year

6.750% 6.827% $6.49 0

40 Year

7.000% 7.069% $6.21 0
First Time Home Buyers

30 Year Fixed

6.500% 6.541% $6.32 0

*APR = Annual Percentage Rate

All mortgage annual percentage rates (APR) are for 1-4 unit owner occupied primary residences, based on 20% down payment. APR’s may vary with lesser down payment. All mortgages with a loan to value of 80% and over require Private Mortgage Insurance (PMI). Rates subject to change without any prior notice. Please call for detailed guidelines.

Subject to credit union underwriting approval. Taxes and insurance are not included in the payment examples.

The interest rate on ARM loans may increase after the initial fixed rate period following closing.

Award-winning service

2020 Best of Central Mass winner award badge

2020 Winner: Best of Central Mass

2019 Winner: Best of Central Mass

Rated 5 Stars by Bauer

2018 Winner: BBB Marketplace Excellence

Why choose Webster First?

Smart money decisions are in our DNA

Webster First is one of the most well capitalized credit unions in Massachusetts as a result of our hard work and determination to make the best possible financial decisions. With our experience and dedicated team, we’re confident we can help you make the right financial decisions too.

Local, neighborly know-how

Our roots are in Massachusetts, opening our first branch in the small town of Webster back in 1928. Since then we’ve grown to over $1.2 billion with over 80,000 members who trust us with their banking. Since our lending team is locally grown too, they personally care about the success of their neighbors and community.

Authenticity you can trust

As New Englanders, we believe in being upfront and honest. You can expect straightforward answers to all your mortgage questions. Each relationship starts with trust and it’s the cornerstone of our acclaimed member service.

*APR = Annual Percentage Rate

All mortgage annual percentage rates (APR) are for 1-4 unit owner occupied primary residences, based on 20% down payment. APR’s may vary with lesser down payment. These promotional rates apply to mortgage applications dated 9/1/2020 and after; promotional rates for new money only. Maximum loan amount on promotion is $500,000.00. All mortgages with a loan to value of 80% and over require Private Mortgage Insurance (PMI). Rates subject to change without any prior notice. Please call for detailed guidelines

Subject to credit union underwriting approval. Taxes and insurance are not included in the payment examples. Programs subject to change without prior notice.