If you are purchasing your first home, you may be able to take advantage of Scituate Federal Savings Bank’s home financing plans designed with the first-time homebuyer in mind. We offer our First-Time Homebuyer Adjustable-Rate Mortgage (ARM) Program under our Conforming and Jumbo ARM Programs on 1-2 family properties. Some of the features include low and no down payment; below market interest rates; more flexible income qualifying ratios; better loan terms and other features such as no closings costs, except for prepaid interest, real estate tax escrow, homeowners insurance escrow and Private Mortgage Insurance (PMI) escrow (if applicable).

 

Please contact one of our Loan Officers for additional information. They would be more than happy to answer any questions you may have regarding this program or to schedule an appointment at a time and place convenient for you.