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First Time Home Buyer Program

Couple purchased home

Right now, if you are buying a home in one of the towns in our community, Belmont Savings Bank can offer you a special, limited time, discounted rate on your mortgage, the ability to lock in that rate for 100 days, reduced closing costs, and an option to make a smaller down payment. 

Limited time offer: 1/8th percent off ANY of our fixed rate mortgage products.*

Eligible towns:

  • Allston
  • Arlington
  • Belmont
  • Brighton
  • Brookline
  • Cambridge
  • Lexington
  • Medford
  • Natick
  • Needham
  • Newton
  • Somerville
  • Waltham
  • Watertown
  • Wellesley
  • Weston
  • Winchester

Some of the benefits include:

  • Down payments as low as 5%
  • Loans up to $600,000 (Single Family & Condominiums) and $543,000 (2-Family)
  • No income restrictions

Ask about the generous Lock-and-Shop offer available now.**


Apply Online

To speak to someone directly, contact our Manager of Residential Lending, Rick Capobianco at 617-489-1298 or Rick.Capobianco@belmontsavings.com. (NMLS#: 39923)

*Offer excludes additional promotional products. Available for primary resident purchases. Maximum loan amount $600,000. Property insurance required. Flood insurance may be required. Subject to credit approval. To qualify for this offer, customer must be a first time home buyer and the home must be located in the Bank's CRA Assessment Area of Allston, Arlington, Belmont, Brighton, Brookline, Cambridge, Lexington, Medford, Natick, Needham, Newton, Somerville, Waltham, Watertown, Wellesley, Weston, or Winchester. A first time home buyer is defined as a person who has not owned a home in the past three years. 

**Lock and Shop 100-day program allows for 40-day shopping period with an additional 60-day closing process. Lock-and-Shop rate is 0.125% added to the best available rate for the product for which the borrower is prequalified. If any parameters change to affect loan type or pricing, the posted rate will be offered at time of application. If posted rate for product is less than borrowers Lock-and-Shop rate when closing process begins, borrower may exercise a one-time relock at that time with no additional 0.125% added to the rate. Minimum credit score of 740 required. Call for further details on Lock-and-Shop program. 


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