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.

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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.

Dedicated Experts

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.

Competitive Rates 

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

  • Competitive Rates
  • Low Down Payment with No PMI (Private Mortgage Insurance)
  • Over 125 years of experience
  • Flexible lending options
  • 40 Year Mortgage to keep monthly payments low
  • Customized quotes

 

Serving Our Clients

Calculating 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

FAQs

What is Private Mortgage Insurance (PMI)?

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.

What’s the fastest way to pay my NB mortgage from my NB Checking Account?

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.

Can I pay my mortgage from another account?

Yes, you may complete an ACH Agreement in order to do so. Call our Loan Servicing Department at (781) 474-5802 or complete the Authorization Form. Please forward the form to the Loan Operations Department via US Mail or email us at [email protected]

Knowledge Center

Which Mortgage is Right for You?

If you're planning to buy a home in MA, spend time understanding your home loan options. Let Needham Bank help you decide which mortgage is right for you.

Learn more about Which Mortgage is Right for You?

Buying your first home is an important milestone. Don’t let anything stop you: we have a number of mortgage programs designed to help.

Apply Now

View Current Rates