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Loans for First-time Home Buyers

Are you a first-time homebuyer, or do you have friends, family, or neighbors who are thinking about buying? If yes, we want to share this helpful information about the many special 1st Time Homebuyer Mortgage options available at MountainOne Bank.

Our Mortgage options for qualified first-time buyers can include:

  • Mortgages requiring no down payment, or down payments as low as 3%
  • Down payment assistance programs and options that allow gift funds for down payment
  • Some Mortgages with no closing costs required
  • Low fixed interest rates
  • Mortgages that require no MI (Mortgage Insurance) or that offer LPMI (Lender Paid Mortgage Insurance)
  • Options for single or multi-family purchases
  • Financing for purchasing a home in designated rural areas
  • Some programs available to repeat buyers, as well as first-time buyers

These special Mortgages are provided through Fannie Mae, Freddie Mac, Massachusetts Housing Partnership, FHA (Federal Housing Administration), and VA (Veterans Administration).

Inquire Now

Our Mortgage Guides will be able to advise homebuyers about which option may work best for their particular circumstances, and we’ll work to make the process as easy as possible.

SCHEDULED MAINTENANCE: Online & Mobile Banking will be unavailable on Sunday, September 24, between 12:00am–6:00am due to routine system maintenance. Should you need access to your accounts, please arrange to submit transactions before or after this scheduled maintenance, visit your local MountainOne branch or call our Customer Care Team during normal business hours at 855.444.6861.

All MountainOne offices will close early on Tuesday, September 19 at 1:00 pm, so our Mountaineers can attend our annual ‘All Mountaineer’ companywide event. Normal business hours will resume on September 20. As always, online and mobile banking services are available 24 hours a day, seven days a week. Click the button for more information.