Pittsfield Cooperative Bank > BORROW

Text/HTML

We can help you with the keys to home ownership!

Whether you’re buying, building, or refinancing a home, condo, or a vacation getaway, we’re here to help. We are specialists in home loans, and will work with you to find the right loan for your needs.

Use the chart below to learn the options for making your ownership dreams a reality.

Text/HTML

Product	Fixed-Rate Mortgage	Adjustable-Rate Mortgage (ARM)	First-Time Home Buyer Mortgage
Interest rate	The rate and payment amount are set for the life of the mortgage. This type of mortgage provides maximum predictability.	The rate and payment amount are set for an initial period of time and then can adjust up or down with market conditions. This type of mortgage generally offers a lower initial interest rate.	Both fixed-rate and adjustable-rate mortgages are available. 11% down. No PMI.
Types of Property	1-4 family owner-occupied homes and condominiums	1-4 family owner-occupied homes and condominiums	1-4 family owner-occupied homes and condominiums
Terms	Flexible	Flexible	Flexible
Conventional Loan Interest Rate Limit	One-Unit Limit: $726,200 Two-Unit Limit: $929,850 Three-Unit Limit: $1,123,900 Four-Unit Limit: $1,396,800	One-Unit Limit: $726,200 Two-Unit Limit: $929,850 Three-Unit Limit: $1,123,900 Four-Unit Limit: $1,396,800	One-Unit Limit: $726,200 Two-Unit Limit: $929,850 Three-Unit Limit: $1,123,900 Four-Unit Limit: $1,396,800
Jumbo Loans, above conventional loan limits	Yes	Yes	No
Available for vacation and investment homes	No	Yes	No
Available for refinancing	Yes	Yes	NO
Rate Lock available at application	Yes	Yes, locked for the initial period	No
Rates	Rates	Rates	Rates
Apply	Apply	Apply	Apply

The Pittsfield Cooperative Bank fully supports the Military Lending Act, a program that provides certain protections in lending for servicemembers who are called to Active Duty. Users may submit a Single Record Request to obtain a report certifying Title 10 active duty status for provisions under MLA.

Soldiers, sailors, airmen, marines, coast guardsmen, commissioned officers in the Public Health Service and National Oceanic and Atmospheric Administration also receive protections under the Servicemember Civil Release Act, which provides a wide range of legal protections not available to the general public. It is designed to ease financial burdens on servicemembers during periods of service.

Text/HTML

Contact a Lending Expert Today!

	Mary Coughlin VP/Residential Mortgage Manager NMLS# 1785303 413-629-1605 Email

	Spring Burke VP/Advisor NMLS# 597840 413-629-1635 Email

	Janice Acklin AVP/Advisor NMLS# 759347 413-629-1608 Email

	Richard Whalen Secondary Market Manager NMLS# 2244352 413-629-1610 Email