First-Time Home Buyer Programs

Living the American Dream can become a reality with our wide range of special first-time home buyer programs. We help turn a complex, difficult process into a simplified, pleasant one—all through our unique, money-saving programs that take the frustration and uncertainty out of buying your own home.

And, Webster Five’s experienced bankers will be with you every step of the way to help you make the right decisions and to support you, from your first payment to your last.

MassAdvantage^TM
A program offered in conjunction with MassHousing that provides below-market interest-rate mortgages to income-eligible first-time buyer households. Low down-payment options, flexible underwriting guidelines, and acquisition cost limits may apply. Click here for current rates and for more information.

MyCommunity
Similar to a MassAdvantage^TM program, this product offers a no-down payment mortgage loan for low- and moderate-income first-time buyers meeting general eligibility guidelines. This program is limited to single-family homes or condominium units. (Other restrictions may apply.) Click here for more information.

Webster Five
For those first-time home buyers who may not be eligible for other products due to income and/or purchase price limits, this product offers ‘expanded’ underwriting ratios and provides for a $500.00 credit to closing costs. Please see rate information for 5-1 ARM product.