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.

Calculator iconCalculators

Use these calculators to estimate payments, compare rent vs. buy, and how much you could save by refinancing. View Calculators

Play video iconVideos

These short videos will help you to understand what you need to know before buying a home, budgeting and much more. View Videos