Fixed and Adjustable Rates

Online Banking

Apply for a Mortgage PreQualification online.

Whether you are purchasing, refinancing, or building your new residence, vacation or investment property, Lowell Cooperative Bank has a mortgage loan program to meet your individual needs. We strive to assist you in meeting your housing goals and mortgage financing objectives. Loan programs are available with as little as a 5% down payment. To further serve you, we offer both portfolio and secondary market loans. We make our loan decisions locally, and many of our loans are also serviced at the bank.

Lending Area:

Our Primary Lending Area includes the communities of Lowell, Billerica, Chelmsford, Dracut, Tewksbury and Tyngsboro. We will consider loans within Eastern Massachusetts and Southern New Hampshire.

Fixed Rate Mortgage

• The interest rate is fixed for the life of the loan

• The principal and interest payment never changes

• Loans from 10 to 30 years

• The shorter the loan term the faster equity is built up in the property

• Prepaying loan principal will shorten the loan term

Adjustable Rate Mortgage

• Initial Rate Fixed for Up to 10 years

• Lower rate than Fixed Rate Program allows higher price and loan qualification

• Future rate changes limited by interest rate caps

• Loan terms up to 40 years

Use our Mortgage Calculator to estimate your monthly payments.