Residential Mortgages and Loans
BankNewport is a leading residential mortgage lender in our market, so rest assured our mortgage specialists will help you choose a product that works best for you. Whether that means a Fixed Rate Mortgage, an Adjustable Rate Mortgage, or a Home Construction Mortgage, we will work with you to find a solution that fits within your budget.
As a local, community bank, we feel it’s important for you to talk with someone at one of our locations. BankNewport services our mortgages and consumer loans, so when you call with a question you’ll be dealing with someone locally.
For more details or to set up an appointment, contact Our Mortgage Team
Fixed Rate Mortgages
With a fixed rate you can have a monthly payment that fits your budget and doesn’t change for the life of the mortgage. A variety of fixed rate terms are available.
Adjustable Rate Mortgages
Our adjustable rate products offer fixed payments for defined periods of time depending on the product you choose. Rate caps limit rate changes at each adjustment period and protect you from payment shock.
Construction Mortgages
Our construction mortgages offer a one time closing for the construction and permanent financing of your home.
Rhode Island Housing
This program is available to first time homebuyers and offers reduced rates based on income requirements. Please check with one of our Mortgage Originators for additional program requirements.
Mortgage Payment/Amortization Calculator