Home Loans
We offer a wide selection of mortgage and home equity products to satisfy your home-related goals, including:
- Conventional Mortgages (fixed or adjustable rates)
- Construction Mortgages
- Home Equity Loans
- Home Equity Lines of Credit
- Purchase Rehab Loan
- MassHousing Loans**
**Greylock is an approved MassHousing Lender. Please call (413) 236-4125 for more information or to inquire about the qualification process.
First Time Homebuyer Bonus
$3,000 Bonus
First-time homebuyers receive $3,000 towards your closing costs or up to 2 monthly payments of $1,500 each towards your first two mortgage payments.*
Serving the State of Massachusetts, Bennington County VT, Columbia, Rensselaer and Greene County NY.
*Subject to credit approval. Two different FTHB credits are available. Only one credit will be provided. To obtain the maximum credit of $3,000 towards your closing costs, or up to 2 monthly payments of $1,500 each, a checking account with direct deposit of 80% or more of net pay must be established prior to closing. Otherwise, a FTHB credit of $1,000 toward your closing costs or your first monthly payment, up to a maximum of $1,000, will be provided. If the loan is closed within 3 years of origination, you will be required to reimburse Greylock for this credit or payment(s) made on your behalf. Only valid for First-time homebuyers toward adjustable rate mortgages. Offer expires 12/31/24.
Meet Your Mortgage Officers
Erin Carlotto
NMLS# 794262
Sarah Gaffey
NMLS# 853525
Haley Burke
NMLS# 531027
Home Equity Loans
Borrow money against your home's value!
- PAY NO CLOSING COSTS*
- Up to 80% of the appraised value of the owner-occupied property (up to four units) minus the existing mortgage balances.
- Fully-amortized up to fifteen (15) years.
- Fixed Rate of Interest.
- The interest you pay may be deductible from your taxes. Please consult your tax advisor.
*Closing costs paid on the borrower's behalf for Berkshire County properties only. Some restrictions may apply. Borrower may be responsible for repayment of these costs to Greylock if they refinance within 36 months.
You may borrow up to a percentage of the value that you actually own. Your home equity is defined as the value of your home minus what you still owe on any mortgages for the property. A loan against the equity that you have in your home is referred to as a home equity loan.
Home equity loans may be used for any purpose. Many people use them as a source of money for making home improvements, fund education or consolidate other loans and to take advantage of lower interest rates.
Home Equity Line of Credit
- NO CLOSING COSTS for first-time applicants for Berkshire County properties.***
- Up to 80% of the appraised value of the owner-occupied property (up to four units) minus the existing first mortgage balance.
- Ten-year draw/advance period followed by a fifteen-year fully-amortized payback period.
- May be tax deductible. Consult your tax expert.
HELOCs have an interest-only payment feature and there are no loan-advance fees, annual fees, or closing costs (for first-time applicants). You can make advances by simply writing a check, by visiting one of our branches, or by performing a transfer through Online Banking.
***Closing costs paid on borrower’s behalf. Borrower may be responsible for repayment of cost to Greylock if loan is closed or refinanced within 36 months. Offer subject to credit approval. Prime Rate as published in the Wall Street Journal. Maximum loan-to-value (LTV) of 80%. Other restrictions may apply. Other rates available.