Fraud Alert: Social Media Phishing Scam
Martha’s Vineyard Bank has recently identified fraudulent social media posts from “Gibbs Mura Law Group Overdraft Lawsuit Investigations,” falsely claiming there are lawsuits regarding overdraft fees at various banks, including Martha's Vineyard Bank. This is a phishing scam intended to steal your personal information and is NOT legitimate. If you come across these ads, do not click any links, share information, or provide personal or banking details. For your security, never share sensitive information in response to unsolicited contacts by phone, text, or social media. If you have any concerns or if something seems suspicious, please contact us directly.
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Home Partnership Loans

Enabling employees to live and work in the communities they serve.

A Home Partnership Loan is a residential mortgage where an employer and Martha's Vineyard Bank partner to facilitate home ownership.

HOW IT WORKS

Martha's Vineyard Bank underwrites a mortgage for your employee of up to 90% of the purchase price of the home. The Bank then underwrites a second loan for the employer to offer to their employee for up to 7% of the purchase price. The employee provides a down payment for the remaining 3% of the purchase price. There is one closing for both loans and they are both serviced by Martha's Vineyard Bank. It's flexible and easy.

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BENEFITS

  • One closing for both loans
  • Martha's Vineyard Bank services both loans
  • Improved work/life balance for the employee
  • Shorter commutes reduce environmental impact
  • Improved engagement in the community
  • Great long-term incentive for employers
  • Makes home ownership more accessible

EXAMPLE SCENARIO

BANK LOAN PORTION

90% of the purchase price

Martha's Vineyard Bank underwrites and services the loan.

EMPLOYER LOAN PORTION

7% of the purchase price

Employer chooses loan term and rate Martha's Vineyard Bank underwrites and services the loan.

EMPLOYEE LOAN PORTION

3% of the purchase price as a down payment

Employee repays both loans to Martha's Vineyard Bank.

Ready to Get Started?

You can also call 508-627-4266 to set up an appointment.
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