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 for first-time homebuyers, including Home Possible® and Home Ready®.

Home Possible® Mortgage

Offering outstanding flexibility for various borrower situations, Home Possible® helps finance the needs of very low- to moderate-income borrowers in need of affordable down payment options and flexible fund 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 source of funds, affordable and cancelable mortgage insurance (MI), and homeownership education.

If you’re a first-time homebuyer but feel you make too much to qualify for the above, Fannie Mae and Freddie Mac may have a program for you with as little as 3% down (subject to credit approval). 

Programs You Can Rely On

No matter your preferred plan, you can move forward confidently knowing that both programs are available with reduced mortgage insurance premiums and can offer down payments as little as 3 percent.

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.