East Cambridge Savings Bank

Mortgage Broker serving Cambridge, MA

About East Cambridge Savings Bank

East Cambridge Savings Bank is a dedicated mutual community bank that prioritizes a personalized banking experience over the impersonal approach of large financial institutions. Since its founding in 1854, the bank has committed to investing its assets and revenues locally, fostering the long-term success of its customers and the broader Massachusetts economy. This community-centric model ensures that choosing East Cambridge Savings Bank means directly supporting the neighborhoods and residents it serves.

The bank distinguishes itself through its comprehensive range of services, including specialized programs like the MassHousing Partnership ONE and ONE+ Mortgage Programs. These initiatives are designed to provide affordable financing solutions and remove barriers to homeownership for low- and moderate-income first-time homebuyers within qualifying Massachusetts communities. Additionally, East Cambridge Savings Bank offers tailored business banking solutions, with a notable specialization in supporting the unique needs of nonprofit organizations.

Combining its strong local commitment with modern conveniences, East Cambridge Savings Bank provides robust digital banking capabilities, including online applications, mobile banking, and account management. Its focus on building strong relationships and offering expert guidance across personal and business banking products reinforces its reputation as a trusted financial partner within its community.

Company Information

Founded: 1854
Lender Type: Bank
Headquarters: Cambridge, MA

Licensed In

MA

Certifications & Credentials

FDIC-Insured

Digital Capabilities

Online Application
Mobile App
Digital Document Upload
Online Account Management

Home Loan Products

Fixed-Rate Home Equity Loan

Loan Types:
Home Equity Loan
Rate Types:
Fixed Rate
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)Manufactured/Mobile HomeCo-opInvestment PropertyVacation/Second Home
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Employment Types:
W-2 EmployeeSelf-EmployedRetiredInvestorBusiness Owner
Income Verification:
Full Documentation
Available Terms:
10 years15 years

Home Equity Line of Credit (HELOC)

Loan Types:
HELOC
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)Manufactured/Mobile HomeCo-opInvestment PropertyVacation/Second Home
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Employment Types:
W-2 EmployeeSelf-EmployedRetiredInvestorBusiness Owner
Income Verification:
Full Documentation

MassHousing Partnership ONE+ Mortgage Program

Loan Types:
Conventional
Rate Types:
Fixed Rate
Property Types:
Single-Family HomeCondoTownhouse
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-Employed
Income Verification:
Full Documentation
Special Programs:
First-Time HomebuyerLow Down Payment ProgramNo PMI ProgramDown Payment Assistance

Residential Mortgage Loans

Loan Types:
ConventionalRefinanceCash-Out Refinance
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Employment Types:
W-2 EmployeeSelf-Employed1099 ContractorRetiredInvestorBusiness Owner
Income Verification:
Full Documentation

Commercial Loan Products

Business Loans & Commercial Real Estate

Loan Types:
Conventional CRECommercial ConstructionEquipment FinancingBusiness AcquisitionCommercial Refinance
Property Types:
Multifamily (5+ units)OfficeRetailIndustrial/WarehouseMixed-Use
Industry Focus:
Nonprofit

Contact Information

Get a Free Quote

Business Information

Category: Mortgage Broker
Location: Cambridge, MA
Status: Standard
Founded: 1854
Type: Bank
Profile Views: 14

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