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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 — check today’s rates

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 Loans

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 Loans2

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.

Here are just a few benefits you’ll get with our Construction Loans:

  • Interest only during construction
  • One-time closing
  • Local underwriting
  • Multiple terms available
  • Loans up to $3 million available

For more information about our mortgage loans, or to apply, call a Mortgage Loan Officer directly or get a personalized rate quote.



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. Available jumbo loan amounts from $417,001 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.

Home Equity Line of Credit

Make the most out of the equity in your home.

A Nantucket Bank Home Equity Line of Credit (HELOC) offers ongoing access to funds for a set period of time. Once the draw period is over, you will have a certain amount of time to pay off what you’ve borrowed. We offer HELOCs for primary residences, secondary and vacation homes, and condominiums.

  • Introductory rate of 2.24% APR1 for the first 12 billing cycles
  • Prime minus 0.25%1 after the first 12 billing cycles
  • Lines available for $20,000–$500,000
  • 10-year draw period, followed by 15-year repayment period

Apply Online


For more information about our Home Equity Lines of Credit, call 508.228.0580 or apply online.

1. Annual Percentage Rate (APR) effective 8/10/2016 and subject to change. A Nantucket Bank checking account with auto payment, and a $20,000 minimum draw at closing and retained for the first six billing cycles is required to obtain introductory rate. 2.24% introductory rate is fixed for 12 billing cycles. After first 12 billing cycles, the variable APR with auto payment is Prime minus 0.25%; without auto payment is Prime plus 0%. Rate may adjust monthly based on the Wall Street Journal Prime (published weekly), which is 3.50% as of 8/10/2016. After 12 billing cycles, the minimum APR is 2.99%. The maximum APR is 18.00%. The term is based on a 10-year draw period and a 15-year repayment period. Maximum LTV is 80%. An early termination fee of $200 applies when a home equity line of credit is paid off and closed within three years. Trust review fee of $175 applies for properties held in trust. $50 annual fee assessed during draw period is waived the first year, and waived thereafter with a Nantucket Bank checking account. Subject to credit approval. Other fees, terms and conditions may apply. Consult a tax advisor for information regarding the deductibility of interest and charges.

Home Equity Loan

Make the most out of the equity in your home.

A Nantucket Bank’s Home Equity Loan is a great option if you’re interested in borrowing a lump sum of money for a set period of time. We offer a variety of terms with competitive rates for primary residences, secondary and vacation homes and condominiums.

Our Home Equity Loan product features:

  • A fixed rate for the life of the loan
  • Variety of terms available
  • $20,000 minimum loan amount
  • Discounted rate with automatic pay from a qualifying Nantucket Bank checking account
  • No annual fee

Apply Online

For more information about our Home Equity Loans, call 508.228.0580, get an instant rate quote, or apply online.


Mortgage Rates

Whether you’re ready to apply, or curious about our current rates, visit our Mortgage Center to check today’s rates. You can even request an instant personalized rate quote based on details specific to your budget and other loan details.

Check Rates