Essex Bank Customers"Your professionalism and friendly approach at every turn made what could have been a stressful experience very manageable. Our heartfelt thanks for all the help and support in securing our mortgage."
Jody & Terry C.
FDIC-Insured - Backed by the full faith and credit of the U.S. Government Whether you are looking to purchase a home or refinance your current one, Essex Bank offers both fixed and variable interest rate mortgages - as well as a team of local professionals to make things happen quickly.
Essex Bank Customer"Their level of personal service is amazing, and no matter who you work with, it's the same great experience. My family feels very taken care of."
Jonathan T.
Mortgage Loan Options
Fixed-Rate Owner-Occupied Mortgages
Lock in stability with predictable monthly payments and competitive rates on mortgages that meet standard lending limits.
First-Time Home Buyer Program
Start your journey towards owning a home with low down payment options, competitive rates, and personal guidance.
Construction to Permanent Mortgage Loans
Build your dream home with one convenient loan closing that seamlessly transitions from construction financing to a long-term mortgage.
Fixed-Rate Jumbo Mortgages
Finance a higher-value home with a fixed-rate jumbo loan that offers long-term predictability and flexible terms.
Adjustable Rate Mortgages
Benefit from a lower initial interest rate and flexible payment options with an adjustable-rate mortgage that adapts over time.
Non-Owner-Occupied Mortgages
For those looking for a seasonal, 1-4 family or condominium investment property, contact our lenders for details.
Owner-Occupied Second Home Mortgages
Fixed or adjustable rate loans for second homes with year-round occupancy. Please contact a lender for details.
Owner-Occupied Condominium Mortgages
Fixed or adjustable rate loans for owner-occupied condos. Please contact a lender for details.
Mortgage Loan Highlights
All Personal Mortgage Loans are supported by an Essex Bank team of experienced and local lenders, plus these features:
Flexible Terms: Choose from a variety of repayment schedules designed to fit your budget and long-term goals.
Competitive Rates: Take advantage of mortgage rates that help keep your monthly payments affordable.
Product Options: Select from the wide range of mortgages listed above and tailor a solution to your homeownership plans.
Quick Approvals: Get answers quickly and move forward with confidence thanks to streamlined applications and local lending decisions.
Compare Essex Bank Personal Mortgages
Compare each mortgage and find the right one for your home:
| Fixed Rate Mortgages | Jumbo Mortgages | First-Time Homebuyer Program* | Construction to Permanent Loans | Adjustable Rate Mortgages | |
|---|---|---|---|---|---|
| Loan Purpose | Purchase or refinance | Purchase or refinance | Purchase | Home construction and permanent financing | Purchase or refinance |
| Loan Type | Conventional | Conventional | Conventional | Construction to Permanent | Conventional |
| Interest Rate Option | Fixed | Fixed or Adjustable | Fixed or Adjustable | Fixed or Adjustable | Adjustable |
| Loan Term Options | 15, 20, or 30 years | 15, 20, or 30 years | 15, 20, or 30 years | First year interest only, then 15, 20, or 30 years | 5/6, 7/6, and 10/6 options |
| Down Payment Requirement | As low as 10% | As low as 25% | As low as 5% | As low as 20% | As low as 10% |
| Loan Amount | Up to $806,500 (Conforming limit) | Above $806,500; $1,500,000 max | Up to $806,500 (Conforming limit) | Based on construction and property cost | Up to $1,500,000 max (Conforming & jumbo limit) |
| Rate Lock Option | |||||
| Special Features | Predictable monthly payments | Loans above conforming amount | Lower down payment | One-time closing for both phases | Lower initial monthly payments |
| Interest Only Payments | |||||
| Refinance | Available | Available | N/A | N/A | Available |
*Must not have owned a home in the past three years.
More Details on Your Personal Mortgage
Calculate Your Essex Bank Mortgage
Put in some basic information and get an estimation of the financials for your mortgage.
Get Mortgage Loan Rates
Review the current rates for Essex Bank personal mortgages.
Jody & Terry C.
Preparing to Apply for an Essex Bank Mortgage
To start the application process for your residential mortgage, use our comprehensive checklist. The document walks you through every step with clarity, from completing the online application and paying the credit report fee, to e‑signing your disclosures and locking your rate. Plus, it details exactly what to upload to your Borrower Portal – from purchase contracts and insurance quotes to income statements, tax returns, and more.
Apply for an Essex Bank Mortgage Loan
Essex Bank provides a number of ways for you to start the mortgage process quickly and easily:
Have a Question? We Are Here To Help.
Start a conversation by visiting any branch location, giving us a call, or completing the contact form below. Regardless of which path you choose, a real human will provide the response.