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Institution for Savings

93 State Street
Newburyport, MA 01950
Tel. 978-465-5314
Fax. 978-465-8428
www.institutionforsavings.com

General Information

Today, the Institution for Savings is widely recognized as one of the oldest and most stable mutual banks in the country, with assets totaling more than $554 million as of December 31, 2006. It is the also largest mutual savings bank in the Greater Newburyport region.

Institution for Savings currently has three full-service banking offices: its Main Office located at 93 State Street; its West End Office at 64 Storey Avenue; and its newest facility at 7 Bridge Road in the heart of Salisbury Square. Additionally, it boasts a dedicated Lending Office located next door to the Main Office at 83 State Street.

The bank offers a full menu of personal and commercial financial products and services for individuals, businesses and organizations, including deposit accounts, lending services, Internet Banking and Bill Payment, retirement accounts, and investment services through 1820 Investment Services. The Institution enjoys a strong and well-deserved reputation as a community-minded bank, with employees, officers and trustees active in their respective communities.

Local Branch / Office Locations

ADDRESS	TELEPHONE NO.
93 State Street Newburyport, MA 01950 68 Storey Avenue Newburyport, MA 7 Bridge Road Salisbury, MA 81 State Street Newburyport, MA	978-465-5314

FEES RELATED TO EACH LOAN

The following are fees related to a typical $175,000 purchase loan transaction in the Boston area, with this company. This does not include points, if any, nor does it include local taxes, prepaid interest payments or prepaid escrow payments for home insurance or real estate taxes. A more complete list, tailored to your specific loan transaction, entitled "Good Faith Estimate of Settlement Costs" should be provided to you when you actually apply for a loan. All fees are believed to be accurate, but cannot be guaranteed and are subject to change without notice.

Appraisal	275
Credit Report	18
Application	250
Inspection
Document Prep/Review
Underwriting
Processing
Flood Certification	18
Tax Service
Notary
Pest Inspection
Settlement/Closing
Attorney	525
Recording	365
Survey	160
Messenger/Courier
Wire Transfer
Administrative	250
Mortgage Broker Fee
Funding and Review
Payment Processing
Title Exam
Title Insurance (lender's)	438
TOTAL	$2,299

  • Types Of Mortgage Products Offered

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