Skip Navigation Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view,download Adobe® Acrobat Reader.
Century Bank
Online Banking Login
Photo of a couple speaking with an advisor


We make borrowing easy.

Whether you are buying your first home, upgrading to a larger home or refinancing a home you’ve owned for years, a Century Bank Borrowing Specialist can customize a loan solution for your unique needs.

Types of mortgages we offer:

  • Fixed Rate Mortgage
  • Adjustable Rate Mortgage (ARM)
  • Special First Time Home Buyer Program
  • Get Prequalified - It's fast and free

Fixed Rate Mortgage: Fixed Rate. Forever.

Enjoy the peace of mind that comes from knowing your interest rate remains the same.

This is just one of the many advantages of choosing a Century Bank fixed rate mortgage. 
Fixed Rate Mortgage Features:
  • Principal and interest payment does not vary
  • A Century Bank Borrowing Specialist will always be there to help
  • Available for second and multi-family homes
  • Jumbo mortgage options

Adjustable Rate Mortgage (ARM): When you need flexibility.

A low interest rate is just one of the many benefits of a Century Bank adjustable rate mortgage.

Adjustable Rate Mortgage Features:
  • An ARM may come with lower monthly payments than a fixed-rate mortgage, which means you may qualify for a larger mortgage
  • Monthly payment and interest rate remain fixed for a specified period, and may be adjusted each year thereafter
  • No prepayment penalty
  • A Century Bank Borrowing Specialist is always there to help
  • Available for second and multi-family homes
  • Jumbo mortgage options

First Time Home Buyer Program: Your dream home is a click away.

Century makes home financing affordable and easy.

Low monthly payments mean buying your own home could cost less than renting. Our borrowing experts will guide you through the process and help you determine how much you can afford.
First Time Home buyer Mortgage Features:
  • It’s free to apply!
  • Our local experienced loan officers help you every step of the way, from pre-qualification to closing
  • Low down payments—Put as little as 3% down
  • Free online education
  • Free pre-qualification
  • Century Bank also participates in the ONE Mortgage program

Continue for Myths & Facts about buying your first home. 

First Time Home Buyer Myths and Facts :

It's no secret that home values in Massachusetts are higher than almost anywhere in the country. We have programs to help First Time Home Buyers separate myths from the facts when it comes to financing and explore grants to help cover costs.

 Myth: It is cheaper to rent than buy.
Fact: With Century’s First Time Home Buyer Programs, monthly payments may be close to what you pay in rent—and rather than going into a landlord’s pocket, your money goes toward building your equity, or the difference between the property value and the amount owed on the home.
Myth: It is a requirement to save enough for a down payment of 20% of the sales price of your new home.
Fact: Century Bank’s First Time Home Buyer Program requires as little as 3% down. Income eligible grants could make it even lower.
Myth: It isn't important to get pre-qualified.
Fact: Realtors often prefer when a potential buyer has been pre-qualified. Pre-qualification is an easy and FREE service from Century Bank.
Myth: You have to make a lot of money in order to afford your own house.
Fact: Through Century’s participation with the ONE Mortgage Program, a special Massachusetts Housing Partnership (MHP) mortgage designed for low to moderate income First Time Home Buyers, you can have a limited income and qualify for special financing and grants.
Myth: If you don't put down a large down payment, you have to pay private mortgage insurance (PMI), a type of mortgage insurance used with conventional loans, often required when a down payment of less than 20% of the sales price is put down.
Fact: With the ONE Mortgage Program offered through Century Bank, first time home buyers don’t have to pay PMI – and save hundreds of dollars every month.
Myth: A Fixed Interest Rate is better than an Adjustable Interest Rate.
Fact: Century offers a special first time home buyer mortgage that features an incredible introductory low rate for 15 years – so you can build your equity faster.
Myth: It's difficult to get started.
Fact: It’s easy to begin, you can get pre-qualified today! Still have questions? Call or chat to find out more.

Derek Craig image
Derek Craig
Vice President
House Icon
Buying your first home?

Circle chart with percentage icon

Discover great low rates!

See Rates