At The Cooperative Bank of Cape Cod, we honor your service with MVP Banking… a unique combination of banking products specifically designed for Military Veterans and National Guard members.

MVP Banking

  • 4.80% APR  7/1 Adjustable Rate Mortgage (ARM)
  • Waiver of $400 Loan Origination Fee
  • No mortgage insurance required
  • 60 day commitment period
  • 100% financing up to $600,000 maximum loan amount, not to exceed the fair market value of the property
  • 0.25% Rate Discount with AutoPay* from a personal  account at The Cooperative Bank of Cape Cod
Annual Percentage Rates (APR) effective 9/4/18. The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $250,000. The property is located in Yarmouth Port, MA and is within Barnstable county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account will not be established. The rate lock period is 60 days and the assumed credit score is 685.
Interest rate and APR are subject to change after consummation. At a 4.50% initial interest rate, the APR for this loan type is 4.80%, subject to increase. Based on current market conditions, the monthly payment schedule would be:

84 payments of $1013.37 at an interest rate of 4.50%
275 payments of $1050.05 at an interest rate of 4.875%
1 payment of $1049.45 at an interest rate of 4.875%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums. The payment example does not include taxes and insurance which may make the payment greater.

*The advertised rate is discounted 0.25% based on automatic payments from a personal account at The Cooperative Bank of Cape Cod. If at any time the automatic payment is removed from the account, the APR would increase by 0.25%.

Our Most Popular Checking and Savings

Along with the unique home financing program, MVP Banking comes with a checking and a savings account featuring all the conveniences you need with the friendly, comfortable service The Coop is known for.

  • No monthly fees
  • Free Debit Card
  • Free transactions at all branch and Allpoint Network ATMs1
  • Free Online Banking2
  • Free Bill Pay2
  • Free paper or eStatements
  • Free Mobile Banking with Mobile Deposit2
  • Free Telephone Banking
  • FDIC and SIF insured

Positively Free Checking also features:

  • Free order of welcome checks3
  • Unlimited check writing

Positively Different Savings4 also features:

  • Earn interest on balances over $0
  • One free bank check/money order per day
1 Other banks may charge a fee for the use of their ATM.
2 There are no bank fees for this service, but standard wireless/data plan fees and/or text rates apply. Consult your provider.
3 One free order of basic style welcome checks.
4 Maximum of 6 withdrawals or transfers per month as allowed under federal regulation

Looking For A Different Type of Home Loan or Account?

We have a variety of options, and we know we have the perfect personal loan for you.