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. Florence Bank will work with you every step of the way to help you navigate the process and finance your first home.
The First-Time Homebuyers Program is available if you have not owned a home within the last three years on the date of application. Florence Bank participates in federal and state programs, including the Guaranteed Rural Housing Program and the MassHousing Loan Program, designed to help first-time homebuyers overcome some of the obstacles to getting a mortgage. Low down payment options are available on all first-time homebuyer loans.

• Increases your buying power
• Quick turn-around time
• Confidence in buying
Let's Get Started 
Florence Bank is proud to be an approved lender with MassHousing. If you’re buying a home in Massachusetts, a MassHousing loan might be right for you. Many new homebuyers meet MassHousing’s income eligibility requirements, and can benefit from low down payment options, fixed rates, and low mortgage insurance premiums with job loss insurance.
Let's Get Started
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.
Let's Get Started
Home Possible provides a responsible financing option for qualified low- and moderate-income borrowers who may lack funds for a larger down payment.
Let's Get Started

The real estate game can be very competitive. Every little advantage can help you get the house. Let Florence Bank prequalify you in any of our branches with a letter that states the mortgage amount you've been qualified to borrow. This assures sellers that you're a serious buyer who has already been qualified for financing. It could make the difference between getting the perfect house or losing it.

Let's Get Started