As Berkshire County's leading mortgage lender, Greylock has learned that it must be expert in all types of mortgages. Greylock offers a wide array of mortgage products to fit your particular need with low closing costs that don't empty your wallet.

Visit our Mortgage Market for complete comprehensive mortgage lending information and applications.

Greylock will consider any mortgage loan amount up to $1,000,000. Click here to apply today!

Have a question? Use our FAQs search...

GREYLOCK'S MORTGAGE LOAN PROGRAMS

Home First Mortgage - Conventional

• Low adjustable or fixed interest rates.
• Strict caps on adjustable rate products.
• Finance 97% of purchase price of owner occupied single family residence or 90-95% financing on multi-family (up to four units) with PMI.
• Refinance up to 90% of value of owner occupied single family residence or multi-family(up to four units) with PMI.
• No point options available and no application fee.
• Preapprovals available.

Home First Mortgage - Construction

• Real estate financing secured by the property for the construction of owner-occupied residences.
• From construction to permanent mortgage financing with one closing.
• Monthly interest-only payments during construction phase for up to one year.
• Low adjustable interest rate financing.
• Strict caps on adjustable rate products.
• Finance 80% of completed value or actual cost to build.
• No point options available and no application fee.
• 1 to 2-family dwellings.
• Low periodic evaluation and update fees.
• Preapprovals available.

Land Loans

Potential Building Lots
• The intention of the loan is to build an owner occupied home.
• The land must be "perced" or have access to municipal sewer.
• Finance up to 75% of value, Adjustable Rate Mortgage financing, 15 Year Term (for product and rate information, please contact Greylock's Mortgage Department at 413-236-4000).
  Raw Land
• Up to 50% of value.
• Adjustable Rate Mortgage financing, 15 Year Term (for product and rate information, please contact Greylock's Mortgage Department at 413-236-4000).

Jumbo Fixed Rate Financing

• Minimum loan amount $417,000.01, Maximum loan amount $1,000,000.00.
• Primary residence, owner occupied or second/vacation homes which are owner occupied.
• One to four unit homes, PUD and Condominiums.
  For additional product information, please contact Greylock's Mortgage Department at (413)236-4000, (800)207-5555, or email us.

Home Owner Options for Massachusetts Elders (H.O.M.E.)

• The H.O.M.E. program, a private non-profit organization, assists elders to remain in their homes by supplementing their income through a monthly loan advance against equity in their home. A loan, secured by a mortgage on their home, is granted to qualified elders. This is sometimes referred to as a reverse mortgage.
• 60 Years of Age or older.
• Low or moderate income requirement.
• Maximum 10 year term.
• No application fees or prepayment penalties.
• Other eligibility requirements apply.
• Our Ten Commitments To Elder Homeowner Protection

First Time Home Buyer Program

• A program developed by Greylock for first time home borrowers (or those who have not had home ownership in the last three years).
• See the Home First Mortgage - Conventional Program for all other information.
• Members submitting a preapproval for a Home Mortgage may be entitled to a $500 credit towards closing costs - adjustable rates only.
• Up to 97% financing available.

No PMI Financing Program

• A program developed by Greylock for credit qualified members with a personal savings history.
• Maximum 90% Financing for Purchases, 90% No-Cash-Out for Refinances
• 5 Year Adjustable Rate Product
• 25 Year Amortization Term
• Rate Caps of 2% Per Review and 6% Lifetime of Loan
• Single Family Residence (up to $333,700) or Duplex (up to $427,150)
• Preapprovals Available

MassHousing Program

Greylock's partnership with MassHousing can offer homebuyers:
• Special, low interest, fixed-rate financing for first-time homebuyers (those who have not owned a home in the last three years)*
• Discounted mortgage insurance premiums for low-income borrowers
• 97% financing for single family, owner occupied homes and condos
• More flexible approvals when it comes to income and credit issues
• Pre-approvals to assure you before you start looking
  *North Adams properties are not subject to the first-time homebuyer requirement

  MassHousing loans are subject to certain income and sales price guidelines.

  For additional information, please contact Greylock or visit MassHousing's web site at www.masshousing.com

  
  

  HOME EQUITY LINES OF CREDIT(HELOC)

  The HELOC allows the Member to borrow against his/her home's accumulated equity without disturbing his/her savings or other investments. HELOC has a low interest rate and there are no loan-advance fees, annual fees or closing costs. The Member can make advances ($500 minimum) at his/her asking or simply by writing a check. Click here to apply for a HELOC today.
  • Up to 90% of the appraised value of the owner-occupied property (up to four units) less existing mortgage.
  • Ten year draw/advance period.
  • NO CLOSING COSTS for first time applicants.
  • Click here for HELOC product offerings and rates.
  
  

  MORTGAGE LIFE INSURANCE

  Offered through Greylock Insurance Agency.

  Stop in at the Agency at 128 South Street, Pittsfield from 8:30 a.m. to 5:00 p.m. or call at: (413) 443-5943, (413) 663-9330, or toll-free at (888) 200-4445.
  

  All terms subject to change without prior notice.

  For more information please dial (413)236-4000 / (800)207-5555 or E-mail us at: Greylockwebservice@greylock.org.

  Personal or confidential information should not be sent via email as this information is not transmitted through a secure link.