First-Time Home Buyer Mortgages

Your dream requires our commitment to helping you fulfill it.

Buying your first home is a major accomplishment and milestone. As a community bank invested in our Massachusetts and Rhode Island neighbors, BankFive lowers the barriers to homeownership by offering special mortgage products with favorable terms, including options with low and no downpayments.

FHA Loans

A mortgage with relaxed credit restrictions, and low down payment requirements, helping to make homeownership more accessible.

VA Loans

Loans structured to help military veterans purchase homes in Massachusetts and Rhode Island with no down payment requirement.

Conventional Mortgage

Our conventional mortgages allow for a down payment as low as 3% of the purchase price, depending on your credit score.

ONE Mortgage Program

An affordable home loan for first-time buyers in Massachusetts.

Mortgage Resources

Find out how much home you can afford, review our homebuyer checklist, and check rates.

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