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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

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