Ready to make a big move?
We're here to help.
House hunting in Massachusetts or southern New Hampshire? You'll focus first on floor plans and front porches, lot sizes and local schools. But at some point, you’ll need to turn your attention to how you’re going to pay for that perfect place. With so much at stake, it’s nice to work with people who have done this for decades.
At the Institution for Savings, we’re ready to guide you through the mortgage process and provide a loan you can live with for the long run.
Fixed-rate Mortgage Loans
With a fixed-rate mortgage loan, your monthly principal and interest payment will stay the same for the life of the loan, making it easier to plan your finances well into the future.
- Multiple loan terms available
- Attractive rates and low closing costs
- Convenient online application
- Refinancing options available
- We service our mortgages locally, so you can direct any questions or concerns directly to us.
With an adjustable-rate mortgage, your interest rate is fixed for an introductory period and may change over time. For example, a 5/1 ARM has a fixed rate for five years before becoming adjustable once each year.
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Choose an initial fixed rate period of 5 or 7 years.
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May be worth considering if you plan to move before the end of the initial fixed-rate period. An ARM may offer a lower initial rate or principal & interest payment than a fixed-rate mortgage.
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We service our mortgages locally, so you can direct any questions or concerns directly to us.
Make your home work for you! Our home equity loans are available in a variety of terms and empower you to take on a big remodeling project, make major purchases, finance education or more!
- Attractive rates and low closing costs
- Can be used for consolidating higher interest debt
- No restrictions on use of funds
- Convenient online application
Access funds when you need them, up to your available credit limit. Our home equity lines can provide flexible access to funds for expenses such as home improvements, education costs, unexpected expenses and other needs.
- Borrow funds for 10 years with interest-only payments during the 10-year draw period followed by a 10-year repayment period. (For additional information, please review the Important Terms of our Home Equity Line of Credit.)
- Convenient online application
Contact GHA at 978-281-4770 x110.
Lawrence Community Works
Contact Homeownership Advisor Edward Alcantara directly at 978-685-3115 or email him at ealcantara@lawrencecommunityworks.org.
Accessory Dwelling Units (ADUs) are smaller, independent living units built on the same property as a primary residence, offering various benefits like increased housing options and potential for supplemental income. We offer a variety of financing options for ADUs to meet your needs, including construction loans, cash out refinancing, home equity lines of credit, and home equity loans. Please email us or call 978-462-3106 for more information.
What Our Mortgage Customers Say...
 “Andrea took the time to ensure we understood the entire process and was always willing to explain things until we were comfortable.
This was the smoothest loan that I've ever done and I would never work with anyone else!”
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 "I cannot say enough good things about our experience with Dave and the IFS. Aside from a very competitive rate, Dave was available for any and all questions all the way through the process (and even after we closed!). He is detail-oriented, always follows through, and delivers on his promises."
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 “Jeff was diligent, thoughtful, and accommodating which was appreciated as first-time homebuyers. He walked us through the mortgage process while being fully transparent about every cost associated. ... and he attended our closing to make sure things went smoothly.
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 "Sandy made the process efficient and seamless. Very responsive and informative from start to finish. Not once did I reach out and get her voicemail. The loan was closed in less than a month!”
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