Mortgages
Here for First-Time Homebuyers
Buying your first home isn’t just a transaction, it’s an achievement.
At The Savings Bank, we understand as a first-time buyer, you need more – more support from a team you trust, more answers to all your questions, and more help with costs associated.
The good news is, our mortgage specialists are here to help with all that – and more.
FTHB In-Person Workshops
As exciting as it is to look at homes and imagine what your daily life could look like there, the home-buying process can seem intimidating, especially for first-time homebuyers. The Savings Bank offers personalized workshops for first-time homebuyers, outlining unique scenarios, the process, and the benefits available.
Wednesday, May 13th from 7:00 pm – 8:30 pm
Hopothecary Ales Brewery and Kitchen, 303 Main Street, North Reading MA
Click here to register today!
Free Pre-Approval for First-Time Homebuyers
The market moves fast – are you ready to make an offer when the right house becomes available? Unlike a pre-qualification, a pre-approval from The Savings Bank includes a credit check and full income verification, meaning you will have an advantage when it’s time to write an offer.
Designed Exclusively for First-Time Homebuyers
- Lower Down Payments Under 11% requires Personal Mortgage Insurance (PMI)
- Reduced Closing Costs Save at least $1,300
- Reduced Lender’s Title Insurance $2.00 per $1,000 borrowed
- Competitive Rates and Terms
MassHousing Partnership
The Savings Bank proudly offers MassHousing Partnership’s One Mortgage product which is designed for low- and moderate-income first-time homebuyers.
Call the team or complete the form below for information.
The Bank for Your Home
We are happy to consider a real estate loan request for properties located anywhere in the Massachusetts counties of Middlesex, Essex, Worcester, Suffolk and Norfolk, as well as, properties located anywhere in the New Hampshire counties of Rockingham, Hillsborough, and Cheshire.
You can apply online anytime, or use the form below to contact our mortgage team.