FDIC-Insured — Backed by the full faith and credit of the U.S. Government
Mortgages
Essex Savings Bank offers a wide variety of mortgage loan options to meet your individual needs.
Mortgages
Purchase a home or refinance your current home. We offer fixed and variable interest rate mortgages to help you with your financing.
Apply for a Owner Occupied Mortgage Online
Mortgage Calculator
Construction to Permanent Mortgage Loans
Build your dream home with only one closing! Remodel your kitchen, bathroom, or add that missing room onto your home. We offer interest only payments for the first year. Our rates are competitive and our experienced residential lenders will help you every step of the way.
Only 5% Down* on Residences up to $484,350
First Time Home Buyer Program
Applicants may close with their own attorney, but cannot have owned a house or condo in the past three years. Our First Time Home Buyer program applies to owner-occupied dwellings only. Private mortgage insurance covered through MGIC is required with 30% coverage. Loans in this program must be Fannie Mae eligible. Standard application fees apply.
*Maximum Loan-to-Value Ratio – 95% based on the lesser purchase price or appraised value
Home Equity Lines of Credit
With our Home Equity Lines of Credit, you can borrow using the equity in your home, subject to home value limitations. You can pay down your principal or take advances at any time provided you do not exceed the full amount of your line. Consult your tax advisor for possible tax advantages.
Home Equity Loans
With Home Equity Loans, use the equity in your home to obtain funds, subject to value limitations, with attractive fixed rates and monthly installment payments. Consult your tax advisor for possible tax advantages.