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First Time Home Buyer Mortgage Program

30-Year Fixed Rate Mortgage 3.875% rate and 3.97% APR*

Buying a home is a large investment and can seem intimidating, which is why it's important to choose the right mortgage lender and program.

Belmont Savings has created a special first time home buyer program that makes it easier to qualify for that first home. If you are looking for your first home, take advantage of our first time home buyer program which offers a discounted 30-year mortgage rate of 3.875% and 3.97% APR* and 

  • Down payments as low as 5%
  • Loans up to $600,000 (Single Family & Condominiums)
  • No income restrictions
  • $200 off closing costs
  • Lock in your rate for up to 100 days while you find your home

Plus, you will work with a dedicated Mortgage Loan Officer who will help guide you through the process. 

Get started today by applying online or reaching out to a member of our team. 

 

Apply Online

 If you prefer that we reach out to you, complete the form below and a member of our team will reach out to you shortly.

 

*The 30-year Fixed Rate Mortgage rate of 3.875% is effective as of 2/1/2018 with an Annual Percentage Rate (APR) of 3.97%, based on 20% down payment. 5% down payment mortgages are available (Private Mortgage Insurance required on mortgages with a down payment of less than 20%, call for details). The interest rate of 3.875% is fixed for 30 years. Mortgage payments are based on a monthly repayment schedule. The monthly payment on a 30-year $100,000 mortgage is $470.24. Payment does not include taxes and insurance premiums. The actual payment amount may be greater. Available for 1-4 family owner occupied, single family properties.  Lock your rate for a period of 100 days for purchase transactions.  $200 closing cost credit.  Maximum loan amount $600,000. Property insurance required. Flood insurance may be required. Other restrictions may apply. Subject to credit approval. All interest rates and APRs are subject to change without notice. The actual APR may be higher based on property type, loan amount, credit history, loan to value ratio, points or other terms.   Fist time home buyer is an individual who has had no ownership in a principal residence during the three year period ending on the date of the purchase of the property. 

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