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Big or small. First or second. Investment or co-op. We have the loan that fits just right.

At Nantucket Bank, we understand that buying a house can be stressful. Let one of our mortgage professionals assist you through the process. We are confident we will make the financing portion of the home buying experience as easy, transparent, seamless and enjoyable as possible.

ACK Mortgage Program

A mortgage program designed just for Nantucket residents.

Available to year-round Nantucket residents, our ACK Mortgage Program1 offers money-saving benefits such as lower down payment requirements and no private mortgage insurance (PMI). The program provides:

  • Financing up to 90% of the property’s Loan to Value (LTV)
  • No Private Mortgage Insurance (PMI)
  • Purchase loans for primary residences up to $1,250,000
  • Fixed and adjustable rate mortgages

Fixed Rate Loans

Like the comfort of knowing what your monthly loan payments will be? A Fixed Rate Loan could be your match.

  • Available in a variety of terms for one-to-four unit owner occupied properties, vacation homes and non-owner occupied properties
  • The longer the term, the lower the monthly payment
  • The shorter the term, the less interest you’ll pay over the life of the loan

Adjustable Rate Loans2

Planning to have a short stay at your new home? Or maybe you’re looking to refinance at a lower rate? An Adjustable Rate Loan can lower your payments:

  • Available in a variety of terms for 1-4 unit owner occupied properties, vacation homes and non-owner occupied properties
  • Lower initial rate than a fixed rate loan

Jumbo Loans3

Ready to buy the home of your dreams? Our Jumbo Loan is designed to help make it happen.

  • Low fixed and adjustable rate loans
  • Loans up to $5 million
  • Locally underwritten and serviced
  • For one-to-four unit owner occupied properties, vacation homes and non-owner occupied properties
  • For purchases or refinances

First Time Homebuyer Loan

Our First Time Homebuyer mortgages are just what homebuyers need to make their dream come true with these great features:

  • A $500 discount on closing costs
  • Reduced down-payment requirements

Affordable Loan Programs

Nantucket Bank is committed to providing home financing for everyone. We’ve partnered with some of the leading affordable housing organizations to provide you the greatest opportunity to purchase a home:

Construction Loans

Thinking about building a home or renovating your current home? A Construction Loan from Nantucket Bank can be the foundation of your upcoming project.

Contact us today.

To request a personalized rate quote or to apply for a home loan, call a Mortgage Loan Officer directly.



1. Financing available on loans up to $1,250,000 and 90% LTV. Payment example: assumes a $1,250,000 loan amount, 30 Year Fixed Rate of 3.625% with no PMI, a 10% down payment, with 359 payments of $5,700.64 and 1 payment of $5,701.40 at an annual percentage rate of 3.728%. Rates subject to change prior to loan closing. Payments do not include applicable taxes and insurance. Actual payments may be higher. Offer applies to primary residences, including co-ops, on Nantucket. Nantucket Bank checking account with one direct deposit per statement cycle and autopay from that checking account required. Subject to credit approval. Other terms and conditions may apply.

2. Rates can increase after the account is opened/loan consummated.

3. Available jumbo loan amounts from $424,100 to $5,000,000 on owner-occupied first or second homes. Loans available for one-to-four unit homes, condominiums and second homes. Other terms and conditions apply. Subject to credit approval.