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Mortgage Programs for First-Time Homebuyers

Being a first-time homebuyer can feel overwhelming when looking for the right mortgage program. At Union Savings Bank, we’re here to simplify the process with multiple trusted options, including Home Possible®, Home Ready®, USDA loans, and FHA loans.

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Home Possible® Mortgage

Offering outstanding flexibility for various borrower situations, Home Possible® helps finance the needs of low- to moderate-income borrowers in need of affordable down payment options and flexible-find sources.

Home Ready® Mortgage

A premier, affordable lending program designed for low-income borrowers with strong credit, the Home Ready® program offers a low down payment, flexible sources of funds, affordable and cancelable mortgage insurance (MI), and homeownership education.

Conventional Mortgage Loan

Not every first-time homebuyer qualifies for a specialty loan. That’s why we offer low-cost, low-rate mortgage loans to all who are eligible because we believe in making home mortgages affordable for all our communities.


This zero-down-payment mortgage option is intended for rural and suburban homebuyers. This loan is backed by the U.S. Department of Agriculture to help provide affordable housing for low- to moderate-income households in eligible areas.

FHA Loan

FHA loans facilitate homeownership through low down payments, flexible credit score requirements, acceptance of gifted funds, competitive government-backed interest rates, the absence of prepayment penalties, and the option for sellers to cover closing costs.

Programs You Can Rely On

No matter your preferred plan, you can move forward confidently knowing that programs are available with reduced mortgage insurance premiums and little to no down payment options.

Ready To Move Toward Homeownership?

At Union Savings Bank, we’re here to help first-time and seasoned homebuyers alike find the right mortgage plans. Contact a Union Savings Bank loan officer today to see if you’re eligible for these products.