First Time Homebuyer’s Program
Mortgage solutions as unique as you, starting with our special program designed for first-time homebuyers.
FIRST TIME HOME BUYER PROGRAM
Who is a First Time Homebuyer?
A first-time home buyer is defined as someone who has not owned a home, either primary residence, second home, or investment property in the last three years (36 months).
Our First Time Homebuyer’s Mortgage Program is perfect for those looking to buy owner occupied, one – or two – family homes and condominiums.
Why Choose Our First Time
Home Buyer Program?
- No PMI with 10.1% down payment (fixed rate only)
- Discounted rates
- No application fee
- Local underwriting decisions
- Portfolio loans (so you only deal with us)
- Loan amounts up to $540,000
- No income or sales price limits
More Paths to Homeownership
At Union Savings Bank, we are dedicated to helping individuals and families find affordable housing mortgages.
HOME POSSIBLE
Expanded choices and flexible credit options to bring your dream of homeownership within reach!
- A low 3% down payment option
- Multiple qualifying choices
- Flexibility to address common challenges
ITIN LOANS
Now you can apply for a mortgage at USB using your Individual Taxpayer Identification Number (ITIN), instead of a social security number.
- Mortgages can be used toward 1-to-4-unit owner occupied units
- Purchase and rate/term refinances
- Minimum down payment of 20% for 1 unit property
- Alternative credit history is acceptable
- Gift Funds are allowed
- Minimum Reserves required: 4 months for 1 unit and 6 months for 2-4 units
Llame al 203.733.5708 para hablar con un originador de hipotecas que habla español**
Disclaimers
As required by federal law and the Secure & Fair Enforcement for Mortgage Licensing (SAFE) Act, Union Savings Bank employees engaged in the origination of residential mortgage loans are registered in the Nationwide Mortgage Licensing System (NMLS). Please click here to see a list of registered employees and their NMLS registration numbers: Union Savings Bank NMLS registered personnel list.
1 All loans are subject to credit approval.
** All loan documents and disclosures are only available in English.
In some circumstances, loans may not be portfolioed and servicing may be transferred.