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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
November 30
I recently refinanced my home through…
I recently refinanced my home through BankFive. From beginning to end, Jim Hanewich was informative, extremely thorough and attentive to my unique situation. What could have been an incredibly stressful and difficult process, was in fact smooth and seamless. Jim's professionalism is top notch. I highly recommend him for any and all of your mortgage needs. Keri Brandariz
Keri Brandariz
Trustpilot
November 24
Claudette Vickery is as good as it gets
Claudette Vickery is as good as it gets. Very efficient, professional, and trustworthy. Don’t go anywhere else as you won’t do any better.
Bud Noyes
Trustpilot
November 10
Top Marks for Monica Botelho
My husband and I received not only exemplary professional service from Monica Botelho and the team at Bank 5 involved with our refinance; Ms. Botelho was extremely attentive to our numerous questions and we felt our experience was as important if not more so than the business we were providing the bank.
Kathleen Genthner
Trustpilot
November 03
Fantastic Experience!
Great Experience! Very Sufficient easy straight to the point! Definitely a 5 Star!
Maria Lopes
Trustpilot
October 27
Monica Botelho was such a pleasure to work with
Monica Botelho was the best person we ever had work with us throughout our home buying process . She is kind , patient and she knows what she is doing . She is great at what she does . Always kept me up to date on how my mortgage loan was moving along . We are so happy we went through bank five with Monica for our mortgage loan . She made sure to find us the best rates . Thank you so much for helping us get into our first home . ❤️
Sara Soares
Trustpilot
October 19
Excellent service done fast and easy!
Monica Botelho and the Bank Five team were an absolute pleasure to work with! The process was fast and easy. Monica definitely exceeded my expectations! I will undoubtedly recommend Bank Five and Monica to any friends or family looking for a home loan or refinance. Thank you for all of your help! -Derek M.
derek milewski
Trustpilot
October 18
Outstanding service….Monica Botelho was…
Outstanding service….Monica Botelho was very professional and highly knowledge in the mortgage process she went above and beyond for us. I would recommend Monica with bank five to anyone and everyone!!!!!
Ernest
Trustpilot
October 06
Happy repeat customer
We've used BankFive for several mortgage/home equity transactions. Each time, the process proceeded without a hitch. Excellent follow up and service from Michelle, our account representative. The automation/technology and superior customer service on BankFive's part made our part of the effort easy peasy!
Paul
Trustpilot
September 20
Monica Botelho is amazing!
When I first started to plan for a home purchase over a year ago, I was introduced to Monica at BankFive. I am so grateful that I was. Her help during our recent home purchase was truly amazing. I can't recommend her highly enough to anyone in need of a mortgage. She's fantastic, knowledgeable, trustworthy and dedicated to her customers. She was always available to answer any question, no matter the day or time. She made this entire process so much easier and I am grateful for her work.
Tom
Trustpilot
September 15
Everything was smooth and went well one…
Everything was smooth and went well one of the better closings that I’ve ever had
Robfriar
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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.