As the leading lender in Marblehead, we've gained an unprecedented knowledge of the market. Our goal is to provide you with continuous service and the financing that is right for your needs.

We have a full-service department and can offer you a first mortgage, construction loan or a home equity loan (for qualified borrowers). We make our own financing decisions so we can often give you an answer in as little as one day subject to appraisal.

Adjustable Rate Mortgages

National Grand Bank offers adjustable rate loans that have the advantage of lower initial payments allowing for a larger purchase or re-finance. However, the rate may change after a fixed period of time, usually one, three, five, or seven years.

This type of loan is most appropriate for those who seek flexibility for their finances. With interest rates dropping to historic lows over the past few years, this type of loan has become a very popular option.

The National Grand Bank makes all of its own lending decisions. Our rates are highly competitive, and our experienced mortgage professionals can advise whether this is the right type of loan for your situation.

Single-close Construction-to-Permanent Loans

National Grand Bank offers a special type of adjustable mortgage that may appeal to those who undertake a new construction project for their residence. This product allows you to secure construction financing and permanent financing for your home with just one loan and a single closing.

This type of loan saves you money by avoiding two closings that could involve duplication of appraisals, closing costs, and other miscellaneous expenses.

If this type of mortgage interests you, please contact Carl Edwards for our current rates and more details at 781-631-6000 ext. 263 or email

National Grand Bank NMLS #405306 
Carl Edwards NMLS #39982
Kathy Green NMLS #521013
Michael O'Neil NMLS #2170750