Residential

First-Time Homebuyers

We can help make purchasing your first home easier.

Buying your first home is exciting, but it can also seem challenging if you’re not sure what to expect. At Florence Bank, we'll work with you every step of the way to help you navigate the process and finance your first home.  We participate in programs like the Guaranteed Rural Housing Program, designed to help first-time homebuyers overcome some of the obstacles to getting a mortgage. In addition, low down payment options are available on all first-time homebuyer loans.






If you’re a first-time home buyer looking to purchase your dream house, Florence Bank’s Adjustable Rate Mortgage provides a range of options as well as lower starting rates than fixed-rate mortgages.
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Home Possible provides a responsible financing option for qualified low- and moderate-income borrowers who may lack funds for a larger down payment.
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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.
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