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Century Bank
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We make borrowing easy.

Whether you are buying your first home, upgrading to a bigger house, or purchasing a vacation property, Century Bank will make your dreams a reality. When you join the Century Bank family and take out a mortgage, you can rest assured you are in good hands. For more than 50 years, our team of Borrowing Specialists have helped people in the Boston-area obtain affordable mortgages.
We know taking out a mortgage isn’t an everyday occurrence for you, but it is for us. We’ll streamline the process for you no matter which mortgage you choose.
Take the first step and get prequalified today - it's fast, easy and free!

Mortgages we offer:

  • Fixed-rate mortgage
  • Adjustable-rate mortgage (ARM)
  • First time home buyer

Fixed-rate mortgage: Fixed forever.

Take comfort knowing your interest rate will always be the same.

No surprises, plain and simple. The fixed-rate mortgage is one our most-popular programs. Give yourself peace of mind knowing exactly what your principle and interest payment is going to be every month.
Fixed-rate mortgage features:
  • Principal and interest payment do not change
  • Available for second and multi-family homes
  • Jumbo mortgage options

Adjustable-rate mortgage (ARM): When you need flexibility.

Lower interest rate means smaller payments.

We offer programs with a 5, 7, 10 or 15-year initial term with annual adjustments made thereafter. With this selection, you may be able to afford a more expensive home while keeping mortgage payments manageable. Many people find this option desirable because their income could grow over time. A Century Bank Borrowing Specialist can determine if an ARM will save you money.
Adjustable-rate mortgage features:
  • Low monthly payments and potentially larger mortgage
  • Fixed monthly payment and interest rate for a specified period, may adjust annually thereafter
  • No prepayment penalty
  • Available for second and multi-family homes
  • Jumbo mortgage options

First time home buyer program: Your dream home is a click away.

Century Bank helps you achieve your goal of homeownership.

Buying a home and applying for your first mortgage can be a mind-boggling experience. You don’t have to navigate through mortgage and down payment assistance programs alone. A Borrowing Specialist will guide you through the process and ensure you get the right, and most affordable mortgage.

We know that as a first time home buyer you have a lot of questions. On our special resource page, we’ve outlined everything you need to know from the documents needed for a mortgage to how much you should borrow.


First time home buyer mortgage features:
ONE mortgage
  • Private mortgage insurance (PMI) not required
  • Only 3% down required for single and two-family homes
  • Fixed-rate without points
  • Income limits do apply
15/1 Adjustable rate mortgage (ARM)
  • Fixed-rate for the first 15 years, adjusts annually thereafter
  • Maximum rate adjustments of 2% annually; +6% over the lifetime of the loan
  • Only 3% down needed for single and 5% down for two-family homes
  • Reduced mortgage insurance premiums
  • No maximum income limits

Are you considering a home that is part of an affordable housing program? Contact our Borrowing Specialist to see if you qualify for down payment assistance loans or grants. Let us help you today!

Youyi Shi, Vice President & CRA Officer
Youyi Shi
Vice President
CRA Officer
Derek Craig image
Derek Craig
Vice President
Mortgage Loan Officer

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