Skip to main content

Washington Trust opens first mortgage office in Massachusetts

Aug 18, 2009

Washington Trust, one of Rhode Island’s largest independent banks, has announced the opening of a new mortgage lending office in Sharon, Mass. This is the bank’s first residential lending office in Massachusetts; Washington Trust currently offers wealth management services through Weston Financial Group, located in Wellesley, Mass. The Bank has 13 retail branch offices in Rhode Island and three branches in Connecticut, and has plans to open another branch in Warwick, R.I. later this year. The bank’s new Massachusetts residential mortgage office, the Washington Trust Home Loan Center, is located at One Merchant Street, Suite 102, in Sharon, Mass. The Bank will staff a team of ten Washington Trust mortgage lending professionals who are both experienced and well-known in the Massachusetts market area. Washington Trust Home Loan Center specialists will originate a full-range of residential lending solutions, including fixed rate, variable rate, construction loans, jumbo mortgages, reverse mortgages, FHA & VA loans, as well as home equity loans and lines of credit. “This is a great time for Washington Trust to expand into the Greater Boston area with a residential mortgage office,” said Stephen M. Bessette, executive vice president, retail lending. “The residential real estate market is showing signs of recovery and consumers are turning to community banks, like Washington Trust, for traditional mortgage options, trusted advice and personal service.” Washington Trust is one of Rhode Island’s top mortgage lenders and was the number one reverse mortgage lender in Rhode Island, for the period of July 1, 2007 to June 30, 2009, according to a report released by the U.S. Department of Housing & Urban Development. For more informatipon, visit www.washtrust.com.
About the author
Published
Aug 18, 2009
Early Voters Flag U.S. Economy As Top Issue

More Americans think mortgage rates will fall if Trump wins

Nov 04, 2024
Freddie Mac's Q3 Earnings Boost Net Worth To $56 Billion

Lower rates usher in more purchase and refinance activity

Oct 30, 2024
HUD Pledges $12 Million To Boost Housing Affordability

Grant funding from HUD’s Self-Help Homeownership Opportunity Program (SHOP) enables eligible organizations to acquire land, enhance infrastructure, and build housing

Oct 30, 2024
Insurance Crisis Hits Lenders' Bottom Lines

While monthly principal, interest, and property tax obligations are up an average 15-17% since the beginning of 2020, the average monthly property insurance payment is up a staggering 52% over that same period.

Oct 30, 2024
Major Housing Agencies Return With Bold Changes At MBA Convention

Fannie, Freddie, and HUD revive key announcements, rolling out expanded appraisal waivers and transparency initiatives

Oct 29, 2024
Freddie Repurchase Pilot Opening To All

The GSE will expand its performing loan repurchase pilot to all lenders beginning in the first quarter of 2025.

Oct 29, 2024