FHA Loans

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Let Bankfive help you overcome the barriers to affordable home ownership.

We believe owning your home is empowering, and we're committed to helping our neighbors in Massachusetts and Rhode Island realize their dreams. Backed by the Federal Housing Administration, our FHA Loans are structured to assist families who may not qualify for traditional mortgages by featuring attractive interest rates with more flexible qualification requirements.

An FHA Loan could be the right fit:

Use for home purchases or mortgage refinances
Competitive interest rates
Low down payment requirements
More lenient credit history requirements compared to traditional mortgage products
Available on 1-4 unit properties
Reduced closing costs
Loan limits apply
Mortgage insurance required

Home Buying Resources

Oct 29

Knowledgeable staff

WILLIAM KINNANE

Oct 29

I have been a loyal customer of Bank 5 for many years, and my experience with them has always been positive. Every time I visit or call, I am greeted with professionalism and courtesy. The staff are consistently helpful, attentive, and willing to assist with any inquiries or issues. Over the years, I've built a trusting relationship with this bank, and I appreciate their commitment to providing excellent service. It's rare to find such dependable banking support, and I am grateful for the consistently good experiences I've had with Bank 5 .

Michael

Oct 12

Supportive and easy

Joan fino

Oct 09

Everything went well and it’s was very smooth.

Edwin

Aug 06

My experience with Bank 5 (Peter & Janis) was fantastic, their efficiency and speed were the best I ever had with a mortgage company. Highly recommend using them.

Heather Machado

Aug 05

Everyone was always willing to assist and resolve any questions, and concerns I had with either the mortgage or better ways to save . Especially Susanna Coito . We were very pleased being a mortgage customer .

Deb L

Jul 16

They were very helpful,explained everything so I could understand everything,always their when I have an questions. Thank you so much

Anthony

Jul 16

Jim Hanewich was great. Easy to talk to & work with! Thank you!

Brian

Jul 08

Brian was so professional, courteous and knowledgeable plus he resolved my issues

dmgt

Jul 02

Miguel has been absolutely incredible throughout the entire process! He was patient, attentive, and worked closely with me every step of the way. Thanks to his dedication and support, I was able to secure my mortgage just in time for closing. I truly couldn’t have done it without him. I would highly recommend Miguel to anyone looking for a reliable and professional mortgage expert!

customer

Jun 04

The process was smooth

Winny

May 29

Michelle was very professional, organized and easy to work with. Michelle also had a GREAT personality. I will refer her to many people I know.

John

Apr 04

Karen Flynn was wonderful to deal with. Our last refinance was traumatic so we were not looking forward to doing another one, but she made it painless, patiently explaining every step. Thank you for having a wonderful person like her on your team!

Heidi

Mar 10

I had the pleasure of having Susana doing my mortgage loan. Everything was handled very efficiently and professional. She always took my calls and explained everything in details that I could understand. Thank you so much Susana for all your patience with me, you are at what you do.

Sandra Fernandes-Ferreira

Feb 26

I received full attention with the mortgage and the procedures were very fast.

Ximena

Jun 02

My loan officer is great his help me a lot to put all documents together Iam so grateful to know Dennis

Zoraya

Mar 14

Thank you everyone was very helpful and will recommend bank five to others

Sandra

Feb 07

Thank you Jeff and Robert for your hard work!

customer

Dec 06

Process was fast. Lender was available all times to answer questions.

Ronald

Sep 29

Monica Botelho got us a great mortgage rate in a really rough environment - not only that, but we closed on our house in what must have been close to record time! Thanks Monica! -Nick + Danie

Nick Ravs

couple looking at house in front of them

April 4 2025

Marissa Scott —

Mortgages

How to Choose the Right Location for Your New Home

Buying a home should involve more than just finding the perfect house. You should also ensure that the location of your new home aligns with your values, lifestyle, and financial goals.

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February 7 2025

Marissa Scott —

Mortgages

Pros and Cons of Buying a Fixer-Upper

While a fixer-upper can be a great way to get your foot into an otherwise unaffordable neighborhood, it’s important to consider what it really means to take one on.

Read Full Article