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CHAMP

Low-interest mortgages for affordable housing

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Helping CT and RI landlords build affordable housing in their communities

Dime’s CHAMP program, designed for landlords, provides them low interest rates to help them make more affordable housing a reality.

Why CHAMP Loans?

Special program & flexible terms

Let's build a better community together

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The program in a nutshell:

  • CHAMP = Creating Housing Affordable Mortgage Program
  • A flexible loan program for landlords in Connecticut and Rhode Island
  • Offers below market interest rates for purchase and rehabilitation of vacant properties in Dime Bank's current CRA assessment areas. 
  • This program is singly focused on helping landlords succeed and, at the same time, helping them build & offer more affordable rental units for low- and moderate-income populations
  • Up to 90% financing available

Program highlights include:

  • Dime Bank will provide financing at below-market rates
  • Fixed term of 10 years, after which the loan reverts to the current market rate
  • Maximum term is 26 years including, as needed, up to 1st year construction phase
  • Loan amounts up to $500,000, with possible increases at Dime Bank’s sole discretion
  • Eligible properties include 2-4 family homes, and must be vacant at time of purchase. Dime Bank may consider 5 or more unit properties on a case-by-case basis but these would be considered a commercial loan.
  • No application fee
  • Please contact one of our team members to learn more about this program

We want to make a difference in affordable housing

  • Dime Bank is dedicated to meeting the housing needs of the low- and moderate-income population in our community
  • If you are an experienced landlord who would like to partner with us in this effort, please contact us for more details

We want to help you realize your dreams

At Dime Bank, we strive to be the best community bank in Connecticut and Rhode Island by helping you realize your financial goals…

Dime’s full line of Loan Products – home mortgages, equity lines, personal loans, and more – are part of the plan. Whether you are buying a new home, tackling a major renovation, buying that new car, or pulling off the perfect wedding, we have a range of custom-designed loan products to meet your specific needs and help make your dreams come true.

Residential Lenders (1-4 Family)

Bill Anderson

VP, Residential Loan Originator
NMLS ID# 1867550

860.465.7556
[email protected]

Jeanne M. Lussier

AVP, Residential Loan Originator
NMLS ID# 954464

860.739.2192
[email protected]

Daniel Ursin

AVP, Residential Loan Originator
NMLS ID# 1214784

860.494.4246
[email protected]

Katherine E. Morano

AVP, Residential Loan Originator
NMLS ID# 768396

860.859.4383
[email protected]


Commercial Lenders (5+ Family)

Brian McNamara

SENIOR VP, CHIEF LOAN OFFICER

860.859.5971
[email protected]

Chris Gauthier

FVP, SENIOR COMMERCIAL LENDING MANAGER

860.859.5954
[email protected]

John Estelle

VP, SENIOR COMMERCIAL LOAN OFFICER

860.859.5957
[email protected]

William Rosadini

VP, SENIOR COMMERCIAL LOAN OFFICER

860.859.5972
[email protected]

Gerald R. Tavernier, Jr.

VP, Senior Commercial Loan Officer

860-494-4102
[email protected]
Beth-Headshot-Web.png

Beth D'Amato

VP, COMMERCIAL LOAN OFFICER

860.859.4304
[email protected]

Cindy Palmer

ASSISTANT VP, COMMERCIAL LOAN OFFICER

860.859.4378
[email protected]

Denise Ogden

ASSITANT VICE PRESIDENT, COMMERCIAL LOAN OFFICER

860.859.4381
[email protected]