First Time Homebuyer Program

TWO STEP

Our two step mortgage rate is fixed for the first 7 years of the mortgage, then adjusts once (10-year index plus 2.25%, cap of 6%) and remains at a fixed rate for the remaining term of the loan. Please see our current rate sheet. Availability is limited to certain towns.

Down Payment: Minimum of 5% on single family homes. Private Mortgage Insurance is required on all loans over 80% Loan to Value. Lock in your rate at application for 90 days at no extra cost.