First-Time Homebuyer Mortgages

Buying your first home is an exciting experience, but finding the right loan can be a little overwhelming.  We offer programs specifically tailored to meet your needs with low rates and down payment options and reduced closing costs. We want to make the dream of home ownership a reality.
 
Contact one of our helpful Mortgage Bankers for your free pre-qualification. A pre-qualification will insure you know your price range, give you more negotiating powers, and will show sellers you’re a serious qualified buyer.
 
Our Exclusive Mortgages...
 
Ready to Own Mortgage 

This program is specifically tailored to meet the needs of first-time home buyers or those who have not owned a home for a period of three years.

  • Down payments as low as 3%
  • Lower interest rates including a 1/8% rate discount
Contact one of our helpful Mortgage Bankers for your free pre-approval.
 
Ready to Own  Mortgage is subject to application and approval. Home price and income limits apply. Other conditions apply – speak with us for details.
 
Welcome Home Mortgage

This unique Newtown Savings Bank mortgage is designed for first-time home buyers or those who haven't owned a home in three years. Our Welcome Home Mortgage Program is specifically designed to make buying a home easier and more affordable in low to moderate income areas.

  • Down payments as low as 3%
  • Preferred low fixed interest rates
  • Combined Loan to Value (CLTV) of up to 105% 
  • Ability to use an approved down payment assistance program to help pay closing costs
  • Down Payment Assistance from Newtown Savings Bank
Contact one of our helpful Mortgage Bankers for your free pre-approval.
 

Welcome Home Mortgage is subject to application and approval. Home buyer education is required. Purchase price sales of home may not exceed low to- moderate-income (LMI) tract limits established for the specific LMI tract within the towns within Newtown Savings Bank’s Community Reinvestment Act (CRA) areas. Subordinate financing must be from a community agency (meeting GSE Requirements). Financing is for existing single-family homes and warrantable condominiums. Other conditions apply – speak with us for details.

 

Government Sponsored Mortgages...

 
CHFA Mortgages
Connecticut offers first-time home buyers several ways to afford a home at below-market interest rates. Another home loan program includes low-cost mortgage insurance with a conventional mortgage. The state helps disabled buyers, public housing tenants, educators, police officers and military service members get a mortgage with additional mortgage discounts. And, for those eligible, down payment assistance is available with some loans.
 
Our helpful Mortgage Bankers will help you decide which program is right for you and assist with your free pre-approval.
 

CHFA Mortgages are subject to application and approval. Home buyer education is required. Home price and income limits apply. Other conditions apply – speak with us for details.

 
FHA Mortgages
The Federal Housing Administration (FHA) offer government mortgage loans that have features, such as low down payment options and flexible credit and income guidelines, that may make them easier for first-time home buyers to obtain.
 
Contact one of our helpful Mortgage Bankers for your free pre-approval.
 

FHA Mortgage Loans are subject to application and approval. Monthly Mortgage Insurance Premiums (MIP) and Upfront Mortgage Insurance Premiums (UFMIP) apply. Maximum loan amounts vary by county.


Get pre-qualified before you shop for a home

When shopping for a home, a pre-qualification offers major advantages because realtors and sellers see you as a serious qualified buyer. In today’s housing market, many realtors and sellers may require a pre-qualification prior to home purchasing price negotiations. A pre-qualification not only gives you negotiating power, it lets you know your home purchase price range.  Speak with one of our helpful Mortgage Bankers today for your free pre-qualification.