Home Loan Options
Expert guidance. Local decisions. Real support.
We’ll guide you through every step of the mortgage process, with decisions made by local lenders who understand the Monadnock Region and care about your goals, whether you’re buying, refinancing, or building.
Get started
How can we help you today?
Mortgage Home Loan
Our mortgage specialists will help you find the loan that fits your needs:
- Fixed rate loans – with a locked in rate for the life of the loan
- Adjustable loans – Adjustable Rate Mortgages (ARMs)
- Land loans – a variety of ARM programs
- Manufactured Homes – permanently affixed to your land and 1985 or newer
Buying Assistance Programs:
Whether this is your first home purchase or not, you may qualify for a number of programs, depending on the type of house you wish to buy.
- New Hampshire Housing Finance Authority (NHHFA) Loan
- Federal Housing Administration (FHA) Mortgage
- Veterans Affairs (VA) Loans
- A combination of the above with down payment assistance from NHHFA
- Rural Development (RD) Loans
Mortgage Refinancing
If you’re looking for the best options for refinancing your home, we’ll walk you through the process and discuss the variety of loan options available to you.
Construction Loan
The process of financing the construction of your new home has two phases – construction and mortgage. At SBW, you can secure the loan with one convenient closing. While your house is being built, you pay only interest on construction costs as the money is drawn to build during the construction phase. And when the construction term is complete, the loan switches to a traditional principal and interest loan with the same rate and term you originally closed on. The home must be in NH or VT.
Accessory Dwelling Unit Loan
An Accessory Dwelling Unit (ADU) adds space, value, and versatility for your family and your future. Under New Hampshire law, homeowners have the right to create an ADU for a family member, caregiver, or as a rental unit.
Vacation Home Loan
Trust us to know the unique challenges of financing seasonal, waterfront, or mountainside homes and the many other possibilities that make living in New Hampshire, Massachusetts, or Vermont so fulfilling.
Mortgage Rates
Mortgage Lending Calculators
Mortgage Lending FAQs
- Fixed-rate mortgages
- Adjustable rate mortgages (ARMs)
- Government Backed Loans – FHA, VA and USDA
- Jumbo Loans – Loans that exceed the conforming loan limits s
- Construction loans, land loans, manufactured home loans, home equity loans (HELOANs), home equity lines of credit (HELOCs), and more
Getting prequalified is highly recommended as the first step towards finding your next home. A prequalification letter will help you find the best price range for your budget. It will help guide you when browsing for homes and show sellers that your offer is strong and serious. It will also help speed up your mortgage approval process so you can get to the closing table faster.
There are many factors that are taken into consideration when determining the best loan for each customer. This includes a review of your credit history, including your credit score, we will review your based on your current income and debt structure, what amount your budget allows to comfortability with your mortgage payment. available cash for down payment & closing costs, your bank accounts, and investment portfolio. An easy way to obtain an idea of what you could qualify for, is to use our mortgage affordability calculator.
- It allows you to get a good understanding of your budget – what you can afford
- Allows you to become organized with what you will need for information for the loan application.
- Allows you to explore many options with what the best loan product is for you
- Provides a stronger impression to the sellers with your buying power.
NOTE: A prequalification is not a guarantee of a loan. It is only an estimate and you will still need to complete the full mortgage application process of underwriting for a final approval.
No – you do not have to have 20% down. However, 20% down payment is often considered the traditional standard and offers you some benefits. SBW offers many loan products that have a lower down payment amounts.
However, with less than a 20% down payment, borrowers are required to purchase Private Mortgage Insurance (PMI), which adds to your monthly payment amount on the loan.
Your relationship does not end at the closing table. That is where it actually begins.
Loan servicing is important as it plays a crucial role in maintaining the smooth functioning of the loan and protects the lender and YOU as the borrower.
- Our servicing team ensures loan payment collections
- Our team is your dedicated primary contact for you to call with any questions and general inquiries.
- Our team manages the escrow accounts for your annual home owners insurance, property taxes and flood insurance (if needed).
At Savings Bank of Walpole, every loan we originate is serviced locally by knowledgeable people right here in New Hampshire. In addition, your local SBW Mortgage Loan Officer is always willing to help. If you ever have a problem with your loan, that really matters.
It is possible to obtain a mortgage without a credit score. We will require more financial documentation to review to understand your history of making timely payments. However, many specialty loan programs may require a credit score.
See What Your Friends And Neighbors Are Saying
Don't Take Our Word For It!
“When it comes to mortgages, SBW definitely goes above and beyond for their customers!”
Chris and Victoria McIntosh
SBW Customer
