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First-Time Homebuyers

When you're ready to take the big step, we're here to help you along the way

Purchase your first home with peace of mind
Buying your first home can be intimidating, but it doesn’t have to be. United Bank helps break down the barriers to homeownership, so the first-time homebuyers we serve in Connecticut, Massachusetts and elsewhere can get a great, affordable mortgage* that works for their goals. Our mortgage experts provide guidance at every step of the home buying process.

First-Time Homebuyer Loan Overview

  • Choose from a range of terms and competitive adjustable and fixed rates
  • We provide local decision-making and quick processing
  • Find peace of mind with our knowledgeable and personalized assistance

Special mortgage programs for first-time homebuyers

Purchasing your first home is a monumental moment in your life. Make sure you are aware of all the options available to you before making that big decision. United Bank offers programs such as:

Connecticut Housing Finance Authority (CHFA) – Qualified borrowers may be eligible to finance up to 100% of the purchase price. Receive a low, fixed interest rate for the life of the mortgage.

Massachusetts Housing Finance Authority (MHFA) – The MHFA offers reduced mortgage insurance programs with several low down payment options.

Federal Housing Administration (FHA) – The FHA supports the dream of many borrowers by making financing available and affordable. Competitive rates and low down payment options are available for borrowers with less than perfect credit.

Veterans Administration (VA) – We are committed to helping veterans and their families become homeowners. Our VA programs offer eligible veterans competitive rates and low down payment options, including 100% financing.

HomeReady® and Home Possible®– These Fannie Mae and Freddie Mac programs are great options for buyers looking to purchase a home with a limited down payment. Low down payment, no appraisal and no private mortgage insurance (PMI) options are available.

Equity Builder – Through our Equity Builder program we are able to give extra financial support to qualifying first-time homebuyers who meet certain income requirements. Funds are awarded on a first-come, first-served basis. The funds can be used to assist with down payment or closing costs.

Mortgage calculators and other helpful financial tools

At United Bank, we want you to have all the information you need to be confident with your mortgage choice. To help you estimate your monthly payments, view our mortgage calculator. To calculate how much interest you can save by shortening your term, check out our mortgage payoff calculator.

Find the home mortgage that is right for your life and budget. View our mortgage rates now, and then call or email us to speak with a United Bank Mortgage Banking Team expert – or apply right online. Your new home could be right around the corner!

*Subject to credit approval.

Get support from our team of experts.

At United Bank, we make the home financing process easy. We invite our neighbors in Connecticut and Massachusetts to stop by one of our branches and talk to our team about your needs. Not in CT or MA? Call us and we will be happy to assist you and guide you through the process step-by-step.

Find a loan officer, email us, visit a branch or call us.