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10 & Done

10 & Done - It's a 10 year fixed* home loan, with lower closing costs than a traditional mortgage, so you can retire your mortgage before you retire! 

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Let's Do the Math!

At Mass Bay Credit Union our teams are trained to make loans to benefit our members unique situations. Not sure if a 10 & Done loan is right for you? Give our experienced lending team a call and let's do the math together!  

10 Year Fixed - Features

  • First Lien Position Only

  • Fast Loan Process

  • Only $499 Closing Costs

  • Branch Closings! NO ATTORNEYS are required for this loan type.

  • Consolidate your 1st and 2nd Mortgage!

  • No Early Payment Penalties

Get Started Online or by Phone


Apply Now (617) 269-2700 Check Application Status

10 & Done - 10 Year Fixed Home Loan Rates

Interest Rate  APR*  Term* Payment Per $1,000* Apply



10 Years

(120 months)



*APR = Annual Percentage Rate.  Interest Rate and APR  are as of May 1, 2021 and are subject to change without notice.  The APR is calculated based on a loan amount of $100,000 for a term of 10 years or 120 months.  Payments are $9.48 per $1,000 borrowed.  Owner occupied condos and single family primary residences only.  Payment doesn’t include taxes, insurance or HOA fees.  The actual payment obligation will be greater.  Maximum loan amount is $300,000. The maximum LTV is 80% up to $200,000. The maximum LTV is 70% for loans over $200,000 up to $300,000. Loan must be in first lien position.  Other terms and restrictions apply including a 620 minimum credit score.  Proof of adequate property insurance required and flood insurance may also be required.  Subject to credit approval.  $499 closing costs apply.  NMLS ID #615913.  Subject to membership eligibility, see our website for details

Accomplish Your Financial Goals

We are always ready to help you accomplish your financial goals with our lending choices. Mass Bay has an easy application process which can be started online. It's easy to start accomplishing your goal of being free of home-debt in 10 years

Mass Bay Credit Union is your local go-to financial institution for Mortgage and Home Equity choices. Whether it's our Home Equity Line of Credit, or our 10 & Done Home Equity Loan, we are proud to offer our members these great home equity options. 

Becoming a Member is Easy

Mass Bay Credit Union Membership is open to:

  • Anyone who lives, works or attends a school, college or university or belongs to a labor organization located within: Middlesex County, Suffolk County, Norfolk County, Abington, Brockton, Hanover, Hingham, Lynn, Marshfield, Norwell, Peabody, Rockland, Saugus, Scituate, and Whitman.
  • Employees or former employees of entities affiliated with MassDOT.
  • Employees of entities who are members of labor unions affiliated with MassDOT.
  • Employees or former employees of the Massachusetts State Police
  • Immediate Family Members of eligible members.

If you qualify as a Member, APPLY for a new 10 & Done Home Equity Loan today! Our team will help you with becoming a member of Mass Bay Credit Union. 

Mass Bay CU - Convenient Locations in the Greater Boston Area

  • Mass Bay Credit Union - South Boston - Headquarters
  • Mass Bay Credit Union - Seaport Branch
  • Mass Bay Credit Union - Everett Branch
  • Mass Bay Credit Union - Quincy Branch

Our NMLS# is 615913 and our registered Mortgage Loan Officers are listed here.

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