Prequalification and PMI

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.

Prequalification Program

• Complete review of your FICO credit scores and credit history

• Determine how much you qualify for based on your Income, and Down Payment Review

• Provides credibility to sellers and realtors

• Gives borrower competitive advantage when making an offer

PMI Buster Program

• Eliminates Mortgage Insurance with as little as a 10% Down Payment

• Available on single family properties and condominiums

• Choice of either a Fixed or Adjustable Rate Loan First Mortgage Combined with a Fixed

Rate Second Mortgage

Use our Mortgage Calculator to estimate your monthly payments.

All Loan Program Eligibility subject to Credit, Income, and Property Qualification.