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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
February 24
The professionals were very cordial
The professionals were very cordial, experienced professional and honest. Everytime I called Susana, she answered and clarified my doubts very well. My experience with Bank Five was excellent.
Roberto
Trustpilot
February 23
I have had great experience with bank…
I have had great experience with bank five since following Jim Hanewich from Rockland.
Francesco
Trustpilot
February 05
Home refinance
you guys where great thank you.
Theodore
Trustpilot
January 26
Great ReFi with BankFive and Mr Gorman
BankFive and Mr. Gorman were awesome to work with for my refinance. Very helpful every step of the way!
AM
Trustpilot
January 13
I originally went to BankFive to get a…refinance
I originally went to BankFive to get a quote to show my current mortgage company that I was refinancing with for about the 5th time. Jim was incredibly helpful even knowing I was working with another company. In the end Bank Five offered a better rate than the company I had been working with and refinanced with multiple times over many years. And Jim even found me discounts on closing costs that my prior lender had never told me about. The process was easy and efficient and there was great communication throughout. Their online portal made uploading documents simple. I have refinanced a lot and this was the best experience to date. I could not be more pleased with BankFive.
Jonathan
Trustpilot
January 13
My loan officer was the best
My loan officer was the best
Edward
Trustpilot
January 12
It was a pleasure working with…
It was a pleasure working with BankFive. Not only do they have great mortgage rates for both primary and investment property (and purchase and refinance), but their employees were very easy to work with, always available when I reached out, and completed both my refinances in good time given the number of refinances and purchase mortgages that they were dealing with. Thank you Mike Gorman for leading us through the process! I highly recommend BankFive!!
Rob
Trustpilot
January 12
Kept you informed
Kept you informed
Jose
Trustpilot
January 12
Friendly and efficient service
Friendly and efficient service. This was the easiest refinancing process I have experienced. Their rates were great. Michelle was knowledgeable and available to answer any questions and provided guidance throughout the entire process. I would definitely recommend Bank Five to anyone seeking to refinance their mortgage.
customer
Trustpilot
January 06
Excellent Service
Excellent Service Working with Bank 5 on my last 2 mortgages, the process was clear and efficient. James Hanewich was a pleasure to work with - available, experienced, understanding and efficient. I would definitely use James and Bank 5 again. Highly recommend.
Mike
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Community Home Loans
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
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Mortgage Resources
Find out how much home you can afford, review our homebuyer checklist, and check rates.