First Time Home Buyer Program

Family standing in front of window with U-Haul moving boxes in front of them

If you’re a first-time home buyer, Mascoma Bank can help you even more than you realized. You already know that our mortgage lenders understand the local housing markets and have the wisdom to help you navigate the home buying process, but you may not know that as a first-time home buyer you are eligible for special discounts that will help convert your dreams to reality. As part of this loan:

  • We’ll pay $4,000 towards your closing costs
  • Only a 3% downpayment is required
  • The loan is a 30-year fixed rate mortgage

Our mortgage lenders are ready to help you and answer any questions you may have. Click the button below to meet our lenders or apply for a mortgage if you are ready.

Meet Our Mortgage Lenders

Our First Time Home Buyer Program

  • 30-year fixed rate mortgage
  • First time homebuyers only
  • Must be for the purchase of your primary residence (1-2 units)
  • Only a 3% downpayment required 
  • Maximum loan is $500,000
  • We'll pay $4,000 towards your closing costs (Cannot be combined with any other discounts.)
  • Homeownership counseling class required
  • No limitation on income
  • Subject to credit underwriting and subject to change without notice