First-Time Homebuyers

Ready for your first home? At Cornerstone Bank, we’re committed to making homeownership a reality for borrowers of all income levels. Connect with one of our Mortgage Loan Officers

Contact our team. Our experienced and trusted loan officers will work to find the best options available to you.

Homebuyer Workshops

Cornerstone Bank is ready to help you find the house of your dreams. Join us for an upcoming workshop to learn about the home search, financing, and closing process while having all your questions answered by local experts.

Upcoming Workshops:

Attleboro – Thursday, June 27th, 6:00 pm-8:30 pm

Down Payment Assistance Programs

At Cornerstone Bank, we’re committed to making homeownership a reality for borrowers of all income levels. Learn more about grants that are currently available for first-time homebuyers.

Closing Cost Incentives

Buying your home is a big financial step and we have many options that can help you achieve homeownership.

100% Financing Available

  • No income restriction
  • Primary residence only
  • Limited to 1-unit single family or condo
  • Mortgage insurance required
  • Gift funds allowed

MHP One

A home purchase program with low down payment options for households less than or equal to 100% AMI.

  • Available for 1–3-unit owner occupied properties and qualified condominiums.
  • No private mortgage insurance and reduced rates.
  • Homebuyer education class required.
  • Can be combined with down payment assistance programs.

HomeReady Purchase Program

A home purchase program, built with today’s low and moderate customers in mind! With low down payment requirements and competitive rates, this program can help you achieve your homeownership goal*.

  • Affordable fixed-rate mortgage options
  • Low down payment
  • Available for primary residence owner occupied properties, qualified condominiums, and 2-4 unit owner occupied properties.*

*For 1-to-4 Unit Owner-occupied properties and qualified condominiums.  To be eligible, borrower must qualify with income of less than 80% of the area median income.  Minimum down payment is 0%-3%. Property insurance is required. Mortgage Insurance (MI) may be required depending on the loan-to-value of your specific loan.  Homeownership counseling is required.  Borrowers must qualify under MI and Investor guidelines.  Other restrictions may apply.  Please note interest rates and fees are subject to credit history, loan amount, and loan-to-value and debt-to-income ratios.

Multifamily Purchase Conventional Loan

  • No income restriction
  • Primary residence only
  • 5% down payment for 2-4 units
  • Mortgage insurance required
  • Gift funds allowed

Please note that all mortgage loans are subject to income and credit approval. Other restrictions may apply. All applicants are subject to complete underwriting based on program guidelines.

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