Home Mortgage Loans with Local Expertise
Competitive rates from people who truly care
Cape Cod’s Trusted Mortgage Partner
Since 1921, we’ve been helping people achieve homeownership on Cape Cod and beyond. Now as Cape & Coast Bank, we continue providing competitive rates, flexible terms, and guidance from local experts who understand our markets.
Why Customers Choose Us
- Local mortgage experts who understand your community and unique housing market
- Fast, local decision-making with in-house processing for quicker approvals
- Competitive rates with flexible terms tailored to your financial situation
- Dedicated support from application through closing for over 100 years
- Special loan programs for year-round residents and community heroes like healthcare, nonprofit, and first responder
Our Complete Mortgage Solutions
- Fixed-rate mortgages with consistent payments in 15, 20, and 30-year options
- Adjustable-rate mortgages (ARMs) with competitive initial rates and flexibility
- First-time homebuyer programs with low down payments and reduced costs
- Government-backed FHA and VA loans with flexible credit requirements
- Refinancing options to secure lower rates or access your home’s equity
Compare Our Mortgage Options
Find the perfect mortgage option that aligns with your financial goals and homeownership dreams. Our wide range of loan programs are designed to meet the diverse needs of seasonal and year-round residents.
Fixed-Rate Mortgages
The stability of consistent principal and interest payments for the entire loan term, perfect for long-term homeowners seeking predictability.
- Predictable monthly payments
- Multiple term options (15/20/30 years)
- No payment fluctuations over time
- Protection from rising interest rates
- Easier budgeting and financial planning
- Ideal for primary residences
Adjustable-Rate Mortgages (ARMs)
Initial fixed rate period followed by adjustments based on market conditions, offering lower initial rates for qualified homebuyers.
- Lower initial interest rates
- Fixed periods of 5, 7, or 10 years
- Potential for significant initial savings
- Rate adjustment caps for protection
- Perfect for shorter-term ownership plans
- Good for vacation homes
First-Time Cape Homebuyer Programs
Specialized mortgage options designed specifically for those purchasing their first home with competitive rates and flexible terms.
- Low down payments
- Competitive interest rates
- Reduced mortgage insurance
- Flexible underwriting guidelines
- Educational resources and support
- Special Cape & Coast Bank incentives
Government-Backed FHA & VA Loans
Federal Housing Administration and Veterans Affairs loans offering expanded eligibility with favorable terms for qualified homebuyers.
- Low FHA down payments
- VA loans with no monthly mortgage insurance
- More flexible credit requirements
- Competitive interest rates
- Reduced closing costs options
- Special program for veterans
Local Lending Expertise
For over a century, we’ve been helping Cape Codders achieve their financial goals through personalized lending solutions. Now as Cape & Coast Bank, we continue our legacy of local decision-making and deep community understanding that national banks simply can’t match. Whether you’re buying, building, renovating, or refinancing, our local experts are here to guide you.
Meet Our Mortgage Loan Officers
Our experienced mortgage loan officers are here to guide you through every step of the home financing process. They’re committed to finding the right solution for your unique situation and goals.
Mortgage FAQ
Find answers to common questions about Cape & Coast Bank mortgage options, application process, and what makes us the right choice for your home loan needs.
What mortgage documents do I need to apply?
You’ll need to provide recent pay stubs, W-2s, tax returns, and bank statements. Some customers may also need to submit additional documents such as K-1s, business tax returns, or profit and loss statements.
How much down payment do I need?
Down payment requirements vary depending on the loan type and property. Conventional loans typically require between 5% and 20%, FHA loans as little as 3.5%, and our specialty loan programs may require as little as 1%. Eligible veterans may qualify for VA loans with no down payment required.
What’s the difference between pre-qualification and pre-approval?
Pre-qualification provides an estimate based on self-reported information, while pre-approval involves a thorough credit and document review, giving you stronger buying power in competitive markets.
How long does the mortgage process take?
The typical mortgage process takes 30-45 days from application to closing, though this varies based on loan type, property details, and current market conditions. Our local processing helps expedite approvals.
Can I lock in my mortgage rate?
Yes, you can lock your mortgage rate for a specified period (typically 30-60 days) to protect against market fluctuations. Ask your Cape & Coast mortgage officer about current rate lock options.
What are typical closing costs?
Closing costs typically range from 2-5% of the loan amount and include lender fees, appraisal, title insurance, and other third-party services. We’ll provide a detailed estimate upfront.
Do you offer loans for vacation homes?
Yes, we specialize in financing for second homes and vacation properties with competitive rates and terms tailored to the unique coastal real estate market and seasonal property considerations.
First-Time Homebuyer Programs
Buying your first home is exciting, and we’re here to make the mortgage process just as rewarding. Our specialized first-time homebuyer programs offer low down payments, competitive rates, reduced fees, and step-by-step guidance from local experts.
Cape Cod Mortgage Experts Since 1921
Our team of experienced mortgage officers lives and works on Cape Cod. We understand the local market and provide personalized guidance through every step of your Cape Cod home financing journey.
Mortgage Options Compared
Fixed-Rate Mortgages
Enjoy predictable monthly payments with rates that never change
Adjustable-Rate Mortgages
Benefit from lower initial rates that may adjust over time
FHA Loans on Cape Cod
Low down payment options with flexible qualification guidelines
VA Loans for Veterans
Special benefits for veterans and active military members
Jumbo Mortgages
Financing solutions for luxury homes above conforming loan limits
Refinancing Options
Optimize your existing mortgage with better terms and rates
Why Cape Codders Choose Our Mortgages
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Cape Cod Mortgage Resources & Insights
Start Your Mortgage Journey
Our team of experienced mortgage experts is ready to guide you through the process, answer your questions, and help you find the perfect home financing solution for your property and financial goals.