Home Mortgages
Helping first-time homebuyers is second nature to us.
Buying your first home can be stressful, but it doesn't have to be. At Florence Bank, our home mortgage experts will help you find a loan that's right for you, save you money, and guide you every step of the way. Ready to open the door to home ownership?
See what we have to offer and schedule an appointment today.
First-Time Homebuyer Programs
Fixed Rate
Looking for the stability of a fixed rate and fixed monthly payment? With as little as 3% down, our Fixed-Rate First-Time Homebuyer Program offers great rates, reduced closing costs, and much more.
Adjustable-Rate
If you’re a first-time home buyer looking to purchase your dream house, our 5/1 Adjustable-Rate First-Time Homebuyer Program provides a range of options as well as lower starting rates than fixed-rate mortgages.
Freddie Mac Home Possible
Home Possible provides a responsible financing option for qualified low- and moderate-income borrowers who may lack funds for a larger down payment.
Welcome Home Mortgage Program
Our Welcome Home First-time Homebuyer Program is designed to help first-time homebuyers purchase an owner-occupied single-family home, two-family home, or condominium in Chicopee, Holyoke, and Springfield, with 100% financing and no private mortgage insurance (PMI).
USDA Guaranteed Rural Loan Program*
Are you a home buyer looking for housing in the rural areas of Western Massachusetts? A USDA Loan may be an affordable financing option for you.
*A USDA Loan, offered by the U.S. Department of Agriculture, is a government-backed loan offered to qualified home buyers that are specifically looking for housing in rural areas. This type of loan is for home buyers that are seeking a payment option with little to no down payment, as a USDA Loan can typically finance 100% of a mortgage. One of the main stipulations with this loan is that the home purchase must be in an area classified as “rural” by the USDA.
