We can help make purchasing your first home easier.
If you’re a first-time homebuyer looking to purchase your dream house, a Florence Bank Adjustable Rate First-time Homebuyer Mortgage offers lower starting rates than traditional fixed-rate mortgages with the option to choose a 5/1, 7/1, or 10/1 term.
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.