Mortgages for First-time Homebuyers

Home Now Mortgage

We want to make it easier for you to buy your first home with our Home Now Mortgage. This loan has a fixed interest rate, no points and a lower down payment requirement than most other loans. You may want to consider a Home Now Mortgage if:

  • You are a first time homebuyer with an annual household income up to $125,000
  • You want to purchase a home with one of the lowest down payment requirements available
  • You are looking to qualify for a loan up to 98% of a home valued up to $295,000.

Click here for a rate quote and the online application.

FHA Mortgage

Federal Housing Administration (FHA) loans provide affordable financing options for first-time homebuyers with limited savings. FHA loans are available as a fixed rate mortgage. You may want to consider an FHA loan if:

  • You want a loan that does not have a maximum household income threshold
  • You want to purchase a home with a low down payment
  • You need flexible credit terms

Please contact a Kennebunk Savings Mortgage loan Officer at 1-800-339-6573 to learn more.

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