Special Programs for Home Buyers
Whether you are buying a home for the first time or haven't owned a home in 3 years, Walden Savings Bank provides its own first time homebuyer loan program that offers a low 3% down payment. We'll be with you every step of the way. Contact one of our experienced Mortgage Consultants to discuss your first time homebuyer loan options.
Mortgage Rates
| Loan Type | Rate | APR |
|---|---|---|
| First Time Home Buyer 5/5 ARM - As low as | 5.500% | 6.493%7 |
| Community Hero 5/5 ARM - As low as | 5.375% | 6.444%18 |
APR Assumptions as of 05/02/2025 02:36 PM
rates subject to change
Get Started!
Call 845-457-7700, option 5, or have one of our Mortgage Loan Consultants contact you.
First Time Home Buyer Loan
We couldn’t say it better or explain it more simply - our First Time Homebuyer Loan features an adjustable interest rate that changes every 5 years. It’s flexible in many ways.
- Low down payment with up to 97% financing with mortgage insurance
- Purchase or Construction
- Index is based upon the 5-year CMT (Constant Maturity Treasury)
- No Application Fee
- Can be combined with grant monies
- No income, geographic or purchase price limitations
Community Hero Loan Program
Thank you for your service! The Community Hero Loan Program is tailored to Veterans or active Military Members who want to purchase a home. It utilizes our competitive 5/5 Adjustable Rate Mortgage with a 0.125% discount to the interest rate and there is no Application fee.
- Low down payment with up to 97% financing with mortgage insurance
- Purchase or Construction
- Index is based upon the 5-year CMT (Constant Maturity Treasury)
- No Application Fee
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Borrowers will need to document one of the following:
- Current income derived from active duty or military retirement; or
- Military service with DD Form 214 – Certificate of release or Discharge from Active Duty (Dishonorable discharge is ineligible); or
- Eligibility for a Veterans Administration mortgage with a current Certificate of Eligibility.
The Homebuyer Dream Program®
The Homebuyer Dream Program® Suite targeted to first-time homebuyers with a specific household income level or population of first-time homebuyers. WSB is allotted grant funds to help cover down payment, closing costs, and homebuyer counseling services for eligible homebuyers who meet certain income and additional criteria as defined by each of the programs’ parameters. Learn More Here
Contact one of our First Time Home Buyer Loan Consultants to get your process started!
