First Time Home Buyer Program
Low Down Payment Options
Buying your first home is a new and exciting adventure, but we know it can also be overwhelming. Don’t worry. Our experienced team of trusted mortgage specialists will be here every step of the way helping you to explore your options, make the choices that work best for you and answer your questions – whether it is how much you can afford to borrow or understanding the mortgage loan options available to you. We are here to help you and make your home buying dreams a reality.
Down payments as low as 3% of property value*
- Low competitive mortgage rates
- Adjustable Rate and Fixed Rate options
- Pre-qualification available
- Up to $425 off appraisal**
- Apply online on your schedule
- Quick turnaround
* Offer may be withdrawn at any time and subject to change without notice. 97% loan-to-value financing is only valid for first time home buyer applications for the purchase of a single family owner-occupied residence that are approved and closed with NBSB. Private Mortgage Insurance (PMI) is required on loan-to-value ratios in excess of 80%. Homeowners insurance and flood insurance (if applicable) are required. All loan applications are subject to credit underwriting and property approval.
**Appraisal cost offer valid for a limited time only and may be withdrawn at any time. Coupon must be presented at the time of application. Use code “Appraisal 2018” in the comments section when applying online. Maximum amount covered by this offer is $425. Appraisal fee required to be paid by the borrower during application processing; appraisal credit will be applied at closing. If loan does not close, borrower(s) is/are responsible for all costs incurred by the bank. This offer is only valid for the purchase or refinance of a single family owner-occupied residence for qualified borrowers and excludes expenses for a non-standard property appraisal needing additional verification from the appraiser. Offer is not valid for the purchase of investment or multi-family residences. All loan applications are subject to credit underwriting and property approval. Limit one per household. Coupon is not redeemable for cash. Other conditions may also apply. NBSB’s NMLS unique identifier is 641656.
North Brookfield Savings Bank’s NMLS unique identifier is 641656.