     
Mortgage Guide main page
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Information about Lenders
Wellesley
Bank
40 Central Street
Wellesley, MA 02482
Tel. 781-235-2550
Fax. 781-237-9549
www.wellesleybank.com
General Information
Wellesley Bank is a fiercely
independent mutual community bank established in 1911 by local people.
The bank's primary mission at founding was to provide home ownership
financing for local residents as well as a safe depository for their
funds. Although we have expanded into construction and commercial
banking areas, these goals remain our primary mission today. We
continue to be directed by local residents with a simple philosophy:
we operate for the benefit of our depositors, borrowers, and our
community, not for that of remote shareholders. We are the viable
alternative to those banks that lose sight of customer needs in
their quest to become the largest or most profitable. At Wellesley
Bank, we treat each customer like a number: Number 1.
Local Branch / Office Locations
| ADDRESS |
TELEPHONE NO.
|
|
40 Central Street
Wellesley, MA 02482
197 Linden
Street
Wellesley, MA 02482
47 Church
Street
Wellesley, MA 02482
|
781-235-2550
781-237-7221
781-235-2550
|
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 |
19 |
| Application |
|
| Inspection |
|
| Document Prep/Review |
|
| Underwriting |
350 |
| Processing |
|
| Flood Certification |
18 |
| Tax Service |
85 |
| Notary |
|
| Pest Inspection |
|
| Settlement/Closing |
|
| Attorney |
800 |
| Recording |
365 |
| Survey |
125 |
| Messenger/Courier |
25 |
| Wire Transfer |
|
| Administrative |
|
| Mortgage Broker Fee |
|
| Funding and Review |
|
| Payment Processing |
|
| Title Exam |
|
| Title Insurance (lender's) |
438 |
| MCL and Recording |
90 |
| TOTAL |
$2,590 |
Types
Of Mortgage Products Offered
E-mail
questions | Apply on line |
|