First-Time Home Buyer Program
If you’re just starting to explore your options to attain the dream of home-ownership, Needham Bank is the right partner for you. Our expert lenders will take the time to learn about your unique situation and find the best First-Time Home Buyer program to fit your needs.
If you’d like a more self-service approach before connecting with a lender, we have some helpful articles in our Knowledge Center including calculating your monthly mortgage payment and tips for increasing your credit score before buying a home that might help.
Achieving this milestone doesn’t have to be an overwhelming and stressful process -- let us help you make it smooth and pain-free.
Benefits & Features
Low Down Payment with No PMI (Private Mortgage Insurance)
Decrease your monthly mortgage payment with our 30 or 40 year mortgages with a low down payment.
Buying your first home should be exciting, not stressful. Let us make it as easy as possible and remove all your uncertainties and concerns. Your personal, dedicated expert will be available at all times for you to call, text, or email directly.
We will create customized quotes based on your loan details so you know exactly what you’re getting into. Our competitive rates will help you to pursue this milestone no matter your financial situation. Click here to view current rates.
Experience You Can Count On
For over 125 years, we’ve helped our neighbors with flexible lending options to purchase homes. Let’s partner together on getting you into your new home.
First-Time Home Buyer Program Highlights
Serving Our ClientsCalculating Your Monthly Mortgage Payment
Before shopping for a home, you should understand how much you can afford to spend on a mortgage. Learn how to calculate your monthly payments with Needham Bank.Learn more about Calculating Your Monthly Mortgage Payment
Insurance provided by a private company to the mortgage lender against losses that might be incurred if a loan defaults. The cost of the insurance is usually paid by the borrower and is most often required if the loan amount is more than 80% of the home's value. Sometimes referred to as mortgage insurance.
The easiest way to pay your NB mortgage from your NB Checking Account is through NB Online Banking or NB Business Online Banking by completing a transfer from your checking account to your mortgage.