How to Get a Loan

Since 1905, Eastern Savings Bank has helped thousands of people with a variety of custom-designed loan programs.  We specialize in providing financing that matches your particular situation.

As a residential and commercial portfolio real estate lender, we specialize in conventional fallout mortgages in the Mid- Atlantic market of Maryland, New York, New Jersey, Pennsylvania, Virginia, Delaware and DC.   Our focus is on providing mortgages for self-employed borrowers, investor rehab projects, purchase money loans, refinance, jumbo mortgage loans, construction and commercial mortgages.

Our philosophy is simple, we are looking for strong credit worthy borrowers who have the willingness and ability to pay their mortgage but might not have the detailed documentation to do so.  As a portfolio lender we understand the need for creative financing to overcome the overwhelming challenges and requirements presented by conventional lenders.  We also know that speed and attention to detail are critical.

At Eastern Savings Bank we make getting a mortgage quick and simple.  When you apply online or contact us directly we will have an experienced loan officer assigned to your application to help you throughout the process – someone whom you may speak with directly at any time.

When You Are Ready For A Loan, So Are We… 3 Easy Steps To Your Loan Approval

At Eastern Savings Bank we make securing a residential or commercial portfolio mortgage loan quick and easy.  Our senior mortgage originators average 25+ years of experience.  Having this experience on your side can make all the difference in the world.  Put our experience and our greatest resources to work for you.  Let’s get started today!

Step 1 – Call 1.800.787.LOAN Or Apply Online

To get started, select an application from the list on the left or call us directly to take your application.  Remember, the property you are requesting a mortgage on must be in Maryland, New York, New Jersey, Pennsylvania, Virginia, Delaware or DC.

Step 2 – Let The Process Begin

Once we have a completed application and understand your loan request we will go to work for you.  We will provide you with a credit decision and loan pricing within 48 business hours of receiving your application.  Provided your needs are being satisfied, we will order your credit report, your appraisal, and work with you on obtaining the documents necessary to underwrite and approve your loan request.  We will update you as the loan moves through the process.  Our goal is to have your loan closed in under 30 days.

Step 3 – Your Loan Is Approved

Congratulations!  Once your loan is approved, we set up a closing date for you to execute the loan documents.  You will be amazed at how quickly and how simple the entire process is when working with a common sense portfolio lender – we make it simple, straightforward, cost effective, and fast.