First-Time Homebuyers

  • Low to no down payment options
  • Low closing costs
  • Seller credits could save you more
  • Conventional fixed-rate mortgages
  • Adjustable rate mortgages (ARMs)
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From pre-approval to the closing table, we’re here for you. St. Mary’s Bank is your trusted partner for a worry-free first-time homebuying experience. We can assess your purchasing potential and identify the ideal financing solution to ensure a seamless process from start to finish. 

We specialize in New Hampshire, Massachusetts, and Maine first-time homebuyer programs.

Welcome Home First-time Buyer Program 

Welcome Home opens the door to first-time buyers looking to purchase one-unit residential homes. Eligible borrowers must have a household income at or below the HUD area median income level. Settle into your new home soon with low rates, low down payment requirements.

Low Down Payment Requirement - 97% Financing

Borrowers can purchase a home with very little money down, and a portion or all of the down payment can be in the form of gifts. We also allow up to 6% of the seller credit (based on the sale price) to be used towards closing costs and prepaid expenses.

Please note that homebuyer education is a requirement of this program.
Please select a seminar date and location that's convenient to you.

New Hampshire Housing Finance Authority (NHHFA)

Available to qualified low- and moderate-income persons in the state of New Hampshire. NHHFA offers down payment and closing cost assistance along with other money-saving programs. 

Learn More

 
Purchase Now – No Down Payment Program

Our Purchase Now 100% financing mortgage program requires no down payment! Flexible terms, high loan limits and a simple qualification process make homebuying refreshingly simple.

  • 100% financing on a primary residence, single-family home and condominium
  • 7/1 and 10/1 Adjustable Rate Mortgage (2% annual, 5% lifetime cap)
  • Minimum credit score of 720 to qualify

Get Pre-Approved or Apply for a Mortgage

Ready to finish your application? Log in to complete.

Earn Cash Rewards with HomeAdvantage

  • Partner with a trusted local agent
  • Save an average of $1,600 at closing
  • Open to both first-time and repeat homebuyers 
Learn More

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