First-Time Homebuyer

Make the dream of home ownership a reality.

There are many great mortgage options. Let us help find the best option for you.

Ready to Own
New buyers or those who haven't owned in 3 years.
  • Down payments as low as 3%
  • Discounted interest rates

Welcome Home
New buyers or those who haven't owned in 3 years, purchasing in low-to moderate income areas.
  • Down payments as low as 3%
  • Low fixed interest rates
  • Ability to use an approved down payment assistance program
  • You may qualify for Down Payment Assistance from NSB

CHFA Mortgages
Connecticut Housing Finance Authority
  • Discounted interest rates
  • Low-cost mortgage insurance
  • Discounts for disabled buyers, public housing tenants, educators, police officers and military service members
  • Down payment assistance may be available.

FHA MortgagesFederal Housing Administration
  • Government mortgage with low down payment, flexible credit & income guidelines
  • Potentially easier to qualify

Ready to Own Mortgage - Home price, income limits and other conditions apply.

Welcome Home Mortgage - Homebuyer education is required. This program is designed to meet the needs of homebuyers in low to moderate income 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.

CHFA Mortgages - Homebuyer education is required. Home price and income limits apply. Other conditions apply – speak with us for details.

FHA Mortgage Loans - Monthly Mortgage Insurance Premiums (MIP) and Upfront Mortgage Insurance Premiums (UFMIP) apply. Maximum loan amounts vary by county.

All mortgage loans are subject to application and credit approval.

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.