Mortgages

At South Shore Bank, we pride ourselves on our lasting reputation as an outstanding mortgage lender. We work proudly with real estate professionals, builders and homebuyers throughout our community.

As a local, full-service mortgage lender, our dedicated team of professionals at South Shore Bank is here to assist you every step of the way. Your mortgage needs are unique, so whether you're planning to purchase your first home or looking to refinance an existing mortgage, we're ready to help you with whatever you need! 

Ready to get started?

Easily apply online, and our local team will follow up with you shortly! South Shore Bank is a licensed mortgage lender in Massachusetts. Our NMLS # is 407656.

For more information and guidance, please visit your local branch or contact our South Shore Bank Client Information Center (CIC) at 781.682.3715 or cic@southshorebank.com

*The Annual Percentage Rate (APR) is based on a $300,000.00 loan with 20% down payment, for purchase money or no-cash out refinance loan on a 1-unit single family primary residence, assuming a FICO of 740, and a 45-day rate lock period. A 15-year loan for $300,000 with 20% down payment would result in 180 monthly payments of $2,070.30. The rates and payment examples do not include escrowed tax and insurance payments. A 30-year 10/5 ARM loan for $300,000 with 20% down payment would result in the initial 120 months payments of $1,285.13 and 240 months payments remaining with a maximum possible payment of $2,079.98. This rate does not include escrowed tax and insurance payments. The 15-year loan term is 15 years, and the 10/5 ARM is a 30 year amortizing loan with a 10 year fixed period with subsequent adjustments occurring every 5 years with a maximum periodic change in rate of 2%. Neither loan will have a balloon payment. Private Mortgage Insurance (PMI) required on loans with Loan-to-Value (LTV) greater than 80%, PMI will increase APR. Additional rates and fees may be assessed due to LTV, type of loan, FICO score, type of property and type of occupancy. For adjustable rate loans, interest rate and payment may increase after the initial fixed period. The APR is accurate as of 4/26/2021. Offer of credit is subject to credit approval. ALL RATES, TERMS, AND CONDITIONS SUBJECT TO CHANGE WITHOUT NOTICE. NOT COMBINABLE WITH ANY OTHER DISCOUNTS OR PROMOTIONS.

** First Time Homebuyer loans are available to borrowers who are purchasing their first home or have not owned or been part owner of a home for more than 3 years. South Shore Bank will cover the cost of the appraisal on eligible First Time Homebuyer loans. To be eligible for discounted rate and appraisal cost coverage: 1) open a new South Shore Bank Checking account, which is subject to approval, OR have an existing South Shore Bank Checking account; AND 2) set-up and continuance of an automatic payment deduction from a South Shore Bank Checking account. LTV maximum is 95% and FICO minimum is 660.

*** Hometown Heroes loans are available to healthcare workers including, Doctors, Nurses (including RN, LPN, APN's), therapists including Physical and Occupational. Pre K – 12th Grade teachers, administrators, and counselors for both public and private schools. Additionally, First Responders including Fire, Police, and EMS personnel are eligible. To be eligible for discounted rate: 1) open a new South Shore Bank Checking account, which is subject to approval, OR have an existing South Shore Bank Checking account; AND 2) set-up and continuance of an automatic payment deduction from a South Shore Bank Checking account. LTV maximum is 95% and FICO minimum is 660.