Mortgages
Larger financial lenders will try to fit borrowers into their programs. This attempt to pigeonhole customers often stems from commission-based sales and/or a lack of experience. Piscataqua Savings Bank’s loan advisors specialize in offering solid advice and solutions individually tailored to your particular circumstances. After all, a loan is only the right fit when it feels good to you.
As always, we offer low closing costs, and there are no processing, underwriting or document preparation fees.
Mortgage Loans & Options
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- Adjustable-rate mortgages
- Fixed-rate mortgages
- Non-conforming fixed-rate mortgages
- Jumbo mortgages
- Construction loans
- Investment property loans
- Land loans
Home Equity Loans & Lines of Credit
Let us show you how to use the equity you’ve built in your current home to obtain a home equity line of credit (HELOC). We offer traditional home equity loans as well as a program called HELP (Home Equity Line Plus) that allows you to “lock in” the interest rate and monthly payment on a portion of your home equity line. The balance of your line remains available in case you need it in the future. Ask about a home equity credit line when you apply for your mortgage.
Home Equity Loan Options & Features
Home Equity Loan
A fixed loan amount and rate with regular payments.
Home Equity Line
A revolving line of credit, interest only, with payments made based on what you use.
Home Equity Line Plus (HELP)
Gives you the option of fixing the interest rate and monthly payment on a portion of your home equity line.
GreenLine Feature
Use a portion of your HELP for energy-efficient home improvements – or the purchase of a hybrid or electric car – you may qualify for a reduced rate on that portion of the loan.
*The GreenLine Energy Efficiency Discount is subject to change at any time. Discount is 0.25% off the current “Plus Feature” rates for the draw period. Applicants must use a draw on the Home Equity Line Plus (HELP) to finance an eligible improvement in order to qualify for the discount. Applicants must provide a receipt for the purchase of an eligible energy efficiency product dated no later than 60 days prior to the request for the discounted rate or, if work has not been completed,–a written estimate satisfactory to Piscataqua Savings Bank from a licensed contractor for the purchase and installation of an eligible energy efficiency product. The written estimate must be dated no earlier than 60 days prior to account opening and not expire until at least 5 days after account opening. Piscataqua Savings Bank reserves the right to verify the written estimate, the validity of the renewable energy improvement, and may request written certification of the applicant’s intentions.
Eligible Energy Efficiency Products: Solar energy panels, solar water heaters, fuel cells using renewable fuels, wind (small) turbines, geothermal heat pumps, solar photovoltaics, new HVAC systems, tankless water heaters, energy efficient insulation (including home siding), roofs (metal & asphalt), windows, doors, skylights, and electric or hybrid vehicles. Contact us to learn more. Eligible energy efficiency product list is current as of February 12, 2021 and is subject to change at any time.
Call us today at (603) 436-5250 to find out more!
Consumer Loans
We offer a wide range of flexible consumer loans for our customers. We’ll help you find the one that’s best suited to your needs.
Current Offerings:
- Automobile loans
- Unsecured loans
- Collateral loans
Unique Offerings
There isn’t a standard loan that’s a perfect fit for every customer. That’s why we make sure you have options. Our advisors will work with you to structure a loan that meets your unique needs and financial goals.
No Cost Services
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- Prequalification which often happens before you even leave our office, with a firmer preapproval about 48 hours later
- Recalculation of your monthly payments, should you choose to pay down a portion of your mortgage
- Access to our unique Companion Checking account
- Automatic withdrawal option from your checking or savings account
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Exclusive Portfolio Lending Options:
Jumbo Mortgage
We regularly approve loans for up to $1 million or more and never increase rates just because you need to borrow more.
Blanket Mortgage
If you have equity in your current home, a blanket loan lets you tap into it to purchase your next home before you sell – or if you decide not to sell at all. Call (603) 436-5250 to speak to a loan officer and find out if a blanket loan is right for you.
Loan Modification
Is the current mortgage interest rate lower than the one you’re paying? We can fix that. Our modification program allows current portfolio loan borrowers to take advantage of new lower interest rates, with a streamlined process and a low flat fee. No hassle, no appraisals and no attorneys’ fees.
Granite Edvance Student Loan Programs
Granite Edvance, located in Concord, is the exclusive student lending partner of Piscataqua Savings Bank. Offering private student loans and student loan refinancing. The Granite Edvance student loan programs provides customers access to an organization committed to providing responsible financing options with a mission to support New Hampshire students and families in navigating their education and career pathways.
Current Offerings:
- Competitive Interest Rates
- Discount Programs
- Multiple Repayment Options.