Community's mortgage options always keeps the buyer in mind.

Community offers a variety of fixed rate loans to purchase a home or refinance your mortgage. Now Community also offers a mortgage calculator to help you find which mortgage plan is best for you.

There are many advantages of a mortgage at Community:

  • You pay the same rate over the life of the loan.
  • No teaser rates or rate increases that can be found with an adjustable rate loan.
  • Principle and Interest payments never vary.
  • A "Zero Points" option saves on closing costs.
  • For lower down payments, consider a CHOP loan.

All loans subject to underwriting standards of Community Savings Bank.

15-Year Mortgages*

Consider the benefits!

15-Year Mortgages can save you thousands of dollars in interest. They also allow borrowers to build equity faster and get a lower rate than 30-year mortgages.

* For example: a $100,000 loan with a term of 15 years will have 180 monthly payments of $714.88 with a corresponding Annual Percentage Rate (APR) of 3.845%. A $100,000 loan with a term of 30 years will have 360 monthly payments of $491.94 with a corresponding APR of 4.449%. Minimum down payment for both loans is 20%. Example as of Jan 2020

Fixed Rate Mortgages

Fixed Rate Mortgages are the only kind of mortgage Community offers for the purchase or refinance of residential properties. Principal and Interest payments will never change throughout the life of the loan.

Zero Points Mortgages

To help keep buyers' "up front" costs low, Community offers Zero Points Mortgages and participates in a number of home ownership programs. See one of Community's knowledgeable Loan Officers for details.

Multi-Family Loans

Community also makes loans on multi-family residential properties. They are also available with great terms and rates. Call Art Neville to learn more.


Community's Pay-O-Matic Program

Community's Pay-O-Matic program saves 1/4% off your mortgage interest rate.

Sign up and your monthly payment is automatically deducted from your NOW checking account or your statement savings account.


Chop Loans

Community's Home Ownership Program (CHOP) makes it possible for a qualified applicant to buy a home sooner.

Saving for a high down payment requirement is one of the most difficult parts in buying a home.

With CHOP*, qualified applicants can buy a home with a low down payment and a fixed interest rate.

  • More people can buy homes that once were out of reach.
  • One and two flat properties are eligible.
  • Can be written by Community Savings Bank as a "zero points" for lower closing costs. Income and loan caps apply.


For more information about Community's lending products please call or see one of our loan officers during regular business hours at (773) 685-5300.

*All loans are subject to Community underwriting standards.

Financial services provided for local customers. All accounts must be opened in person. Other terms, conditions and restrictions apply.