Skip to Main Content Skip to Sitemap

Community Home Loans

Strengthening our neighborhoods through homeownership

The communities we serve in Massachusetts and Rhode Island benefit when more people own homes and take pride in the area. BankFive is proud to work with MassHousing to offer housing assistance to qualified borrowers who would otherwise be denied a conventional mortgage. Together, we'll help you figure out which option is right for you, so you can realize your dreams of homeownership.

We'll help clear your path to buying a home:

  • Low- and no-down payment options available
  • Lower credit score thresholds
  • Secured by Massachusetts and Rhode Island housing agencies

Trustpilot
August 05
Michelle Guertin at Bank 5 is the best!!
I just closed on my 4th property with michelle guertin as my lender representative/ loan specialist. we closed on 1 property while she was at AAA, and now i followed her to bank 5 for the other 3. I am a doctor and don't have much free time during normal business hours. I would email / text michelle on evenings, early mornings and weekends. i did not expect her to respond but she always did... usually within minutes. If you are old school like me, and a bit ocd (like to move fast, need to get things accomplished quickly so you can move on to other projects) then michelle guertin is the right person for you! She is old school as well and she is a kind soul. She even went to bat for me to get the best rates and extensions on rate locks when we needed them saving us some money on expensive extension fees. i think overall Bank 5 showed me they are willing to do what it takes to earn and keep my business. i am a business owner and investor and i rarely see this especially in this day and age. by the way , as much as i love working with michelle and bank 5, i always shop around. Bank 5 just has lower rates and closing fees than the other 6 institutions i call prior to each purchase . they beat out everybody / every time! i would highly reccommend michelle guertin and bank 5 for your mortgage needs, call around and see for yourself!!
Ed Dosremedios
Trustpilot
August 02
Was a good experience at all.
Was a good experience at all levels(from customer service - the Loan departments).
Mulu
Trustpilot
July 13
The best mortgage financing experience ever.
I have used different banks over the years to finance my home, but I found BankFive's team to be -by far- the most efficient, effective and collaborative I have ever worked with. I never thought I would say this but getting a mortgage was a really good experience.
Dear Customer
Trustpilot
July 13
Seamless operation
Seamless operation. Very efficient; and very organized
David
Trustpilot
July 07
Great People ,Very professional and understanding to all my needs
Great People, Help me all the way through the loan process
Rosa
Trustpilot
June 29
Michelle is the BEST loan officer I've ever worked with
Working with Michelle from BankFive was an absolute pleasure. Unlike other loan officers who are looking to make a quick sale and push you off to the next rep, Michelle was extremely hands on throughout the process and EXTREMELY knowledgable about all of the best practices to save ME money at the end of the day. She was quick to answer my questions and MOST important of all, she offered a competitive loan that beat out literally every other mortgage company I researched and got quotes from (and I researched a ton of companies). If I had to go back and close on my home a second time, I would 1000% choose Michelle from BankFive as she was a big reason why we were able to close successfully.
Anthony Gallo
Trustpilot
June 24
Smooth Processing
Process was very smooth, got good rates. Jim was very helpful throughout the process. Can’t ask for anything more.
Sri Venkata Naga V R Vadakattu
Trustpilot
May 11
Excellent teamwork
The entire team has been excellent to work with! Yubetzy, Vaida and Wil went over and beyond in supporting two real estate transactions for us. We are very happy with our terms and so appreciative of the the level of care from everyone on Wil’s team.
Jenn Z.
Trustpilot
May 05
Great experience
Great experience! Fast very informative and streamlined mortgage process. Monica Botelho was a pleasure to work with. I highly recommend anyone to work with her.
Jon vida
Trustpilot
April 19
Susana Neves Coito and Tina Gobin are the best!
Susana Neves Coito and Tina Gobin were both very helpful in processing our mortgage loan. They made what seemed like an overwhelming ordeal, into an easier than expected experience. They walked us through each step clearly and talked us off each ledge. Susana and Tina were always very professional, courteous and prompt in getting back to us. I will recommend Bank5 to my friends and family.
John and Rod
Powered by

Community Home Loans
MassHousing Loans
Backed By MassHousing
Down Payment Requirement Low- and no-down payment options
Geographical Restrictions Massachusetts
Income Limits Up to $126,900, depending on county
Credit Requirements Minimum credit score of 640
Property Types Single-family residences, condos, and 2-4 family homes
Must Be Owner-Occupied Yes
Mortgage Insurance Required Yes
Special Requirements May not own more than one home upon closing
Learn More

Apply Now
Rhode Island Housing Loans
Backed By Rhode Island Housing
Down Payment Requirement Low- and no-down payment options
Geographical Restrictions Rhode Island
Income Limits None
Credit Requirements Minimum credit score of 620
Property Types Single-family residences, condos, and 2-4 family homes
Must Be Owner-Occupied Yes
Mortgage Insurance Required There is an option for no private mortgage insurance, but only available to first-time home buyers
Special Requirements May not own more than one home upon closing
Learn More

Apply Now
MassHousing Loans
Backed By MassHousing
Down Payment Requirement Low- and no-down payment options
Geographical Restrictions Massachusetts
Income Limits Up to $126,900, depending on county
Credit Requirements Minimum credit score of 640
Property Types Single-family residences, condos, and 2-4 family homes
Must Be Owner-Occupied Yes
Mortgage Insurance Required Yes
Special Requirements May not own more than one home upon closing
Learn More

Apply Now
Rhode Island Housing Loans
Backed By Rhode Island Housing
Down Payment Requirement Low- and no-down payment options
Geographical Restrictions Rhode Island
Income Limits None
Credit Requirements Minimum credit score of 620
Property Types Single-family residences, condos, and 2-4 family homes
Must Be Owner-Occupied Yes
Mortgage Insurance Required There is an option for no private mortgage insurance, but only available to first-time home buyers
Special Requirements May not own more than one home upon closing
Learn More

Apply Now
MassHousing Loans Rhode Island Housing Loans
Backed By MassHousing Rhode Island Housing
Down Payment Requirement Low- and no-down payment options Low- and no-down payment options
Geographical Restrictions Massachusetts Rhode Island
Income Limits Up to $126,900, depending on county None
Credit Requirements Minimum credit score of 640 Minimum credit score of 620
Property Types Single-family residences, condos, and 2-4 family homes Single-family residences, condos, and 2-4 family homes
Must Be Owner-Occupied Yes Yes
Mortgage Insurance Required Yes There is an option for no private mortgage insurance, but only available to first-time home buyers
Special Requirements May not own more than one home upon closing May not own more than one home upon closing
Learn More

Apply Now
Learn More

Apply Now
Mortgage Resources
Find out how much home you can afford, review our homebuyer checklist, and check rates.