No Down Payment First time Homebuyer Program

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Overview

100% financing for single family properties and condos.*
95% financing for 2 family properties.

Eligibility

First Time Homebuyer.
Minimum credit score of 680.
Debt-to-Income Ratio is determined based on the credit score.
Income restriction to 100% of median family income in Hampden County, Hampshire County or Worcester County MSA.
For a 2 family property, borrower must have 5% of own funds.
Property must be owner-occupied.

Benefits

100% financing , no need to save for down payment.*
Mortgage Insurance is not required, allowing for increased purchasing power.

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Rates

Click below for updated rates.

Rates

*Please refrain from including sensitive information.

*Maximum financing is based on sales price or appraised value, whichever is less.
Additional Disclosures: Homebuyer counseling required prior to closing. For 2 family properties, Landlord counseling is also required prior to closing. First Time
Homebuyer is classified as not having owned a home within the last 3 years. Property being purchased must be located in Country Bank’s Assessment Area.
Please call Country Bank at 800-322-8233 for any questions on the No Down Payment First Time Homebuyer Program.

Overview

Eligibility

Benefits

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