Welcome, Worcester Home Show Attendees!
We’re so glad we had the chance to meet you at the DCU Center! Whether you’re ready to build, buy, or save, Webster First Federal Credit Union is here to help with financial services personalized to your needs.
Explore our variety of products below and learn how we can help you achieve your goals.
Apply for a Mortgage Apply for a Home Equity Loan Apply for a HELOCAchieve homeownership with flexible Mortgages
Whether you’re buying your first home, refinancing, or planning to stay long-term, Webster First has the right mortgage for you.
Choose from fixed-rate, adjustable-rate, first-time home buyer loans, and refinancing options to meet your specific needs.
Find a loan term that suits your financial goals.
Guided support every step of the way.
Home Show Special: Enjoy NO mortgage application fees
when you apply below
Unlock Your Home’s Potential with Home Equity Loans & Lines of Credit
Tap into your home’s value with financing options tailored to your goals.
Home Equity Loan
Receive your funds upfront with a fixed rate and flexible terms. Perfect for home improvements or debt consolidation.
Home Equity Line of Credit (HELOC)
Enjoy flexibility with a revolving line of credit you can draw from as needed. Benefit from a 20–year draw period and a 20–year repayment term. No hidden fees and no requirement to carry a balance.
View our Mortgage rates
| Type | Rate | APR1,4 | EMP3 (per $1,000) |
|---|---|---|---|
| Adjustable Rate Mortgages12 | |||
| 5&1 Fixed Variable12 | 5.625% | 5.725% | $5.76 |
| 7&1 Fixed Variable12 | 5.750% | 5.852% | $5.84 |
| 7&3 Fixed Variable12 | 6.000% | 6.166% | $6.00 |
| 10&5 Fixed Variable12 | 6.125% | 6.316% | $6.08 |
| Convertible 1 Yr Adjustable12 | 5.125% | 5.565% | $5.44 |
| 1 Year Adjustable12 | 5.125% | 5.565% | $5.44 |
| 3 Year Adjustable12 | 5.250% | 5.631% | $5.52 |
| 7&1 Variable 40 Year12 | 5.875% | 5.962% | $5.42 |
| Land Loan11,12 | 5.125% | 5.643% | $10.67 |
| Fixed Rate Mortgages | |||
| 15 Year | 5.375% | 5.542% | $8.10 |
| 20 Year | 6.000% | 6.139% | $7.16 |
| 30 Year | 6.375% | 6.483% | $6.24 |
| 40 Year | 7.000% | 7.099% | $6.21 |
| First Time Homebuyers | 6.250% | 6.318% | $6.16 |
4:All mortgage APRs are for 1-4 unit owner occupied primary residences based on 20% down payment. APRs may vary with lesser down payment. All mortgages with a loan to value of 80% and over require Prime Mortgage Insurance (PMI). Rates subject to change without prior notice. Zero points on all mortgages. Guidelines available upon request.
3:EMP = Estimated Monthly Payment.
11:Land loans 1-10 years, 25% downpayment
12:ARM loans are variable rate loans, interest rates and payments may increase after consummation. Rates and payments will remain the same for the first 5, 7, or 10 years and then can adjust to a new rate and payment every 1, 3 or 5 years based on a current index, depending on the ARM program you choose. For example, if you select the 5 & 1 Fixed Variable program your rate and principal & interest payment will be fixed for the first 5 years (the 5 in 5& 1), after that the interest rate and payment could change every 1 year for the remainder of the mortgage’s term (the 1 in the 5 & 1).
View our Home Equity rates
| Type | Rate | APR1,5 | EMP3 (per $1,000) |
|---|---|---|---|
| Home Equity Loans | |||
| 0-5 Years | 6.500% | 6.613% | $19.57 |
| 6-10 Years | 6.875% | 6.940% | $11.55 |
| 11-15 Years | 7.125% | 7.197% | $9.06 |
| Max Equity Loans | |||
| 5 Year | 7.875% | 8.014% | $20.22 |
| 10 Year | 8.125% | 8.203% | $12.20 |
| 15 Year | 8.500% | 8.560% | $9.85 |
| Home Equity Line of Credit13 | |||
| New Equity Member14 | 7.000% | ||
| Refinanced | 7.500% | ||
| Max Equity Line of Credit15 | 8.750% |
5:All home equity lines of credit APRs are based on the Prime Lending Rate published in the Wall Street Journal, currently at 7.500% as of 12/19/2024. Rates apply to 1-4 unit owner occupied primary residences. Rates subject to change without prior notice. Underwriting guidelines available upon request. Early termination fee applies.
3:EMP = Estimated Monthly Payment.
13:Home equity lines of credit are fixed for the first 24 months and then Prime Rate for life. Minimum APR is 7.500% and the maximum APR is 15.000%. Home equity lines of credit have a 40-year term; 20-year draw period with a minimum monthly payment of the greater of $50.00 or 0.250% of the ending balance plus the amount of finance charge accrued on outstanding advances each month followed by 20-year repayment period with principal and interest payments.
14:New Equity Promotion. Prime Rate minus 0.50% for 24 months then Prime Rate.
15:Max equity line of credit is fixed for the first 24 months and then prime plus 1.250%. Minimum APR is 9.000% and the maximum APR is 15.000%.
What happens when you apply for a Webster First Mortgage?
We’ll put it together
Your Mortgage Loan Officer will help you gather the necessary documentation, take care of disclosures, and outline next steps.
Underwriting
Our team looks at your credit and financial information closely to decide if you qualify.
Processing and appraisal
Once you're approved, we'll take care of the appraisal and finish collecting and ordering any remaining documents for your file.
Closing
Our in-house team, WebFirst Mortgage LLC, will lead you through the final steps. Congratulations, you're officially a homeowner!
How can we help?
Our dedicated loan center team is happy to answer your mortgage-related questions or provide assistance with completing an online mortgage application.
(774) 823-1665
Monday – Wednesday: 8:00 a.m. – 4:30 p.m.
Thursday & Friday: 8:00 a.m. – 5:00 p.m.
Saturday & Sunday: Closed