Homeownership
First Time Home Buyers Program
Find your dream home. Watertown Savings Bank will help you get it.
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Watertown Savings Bank wants to support local residents looking to invest in their first home.
Take advantage of our great rate for first-time homebuyers. Receive a $550 discount on closing costs!
The advertised rate requires a:
- 20% down payment
- Credit score of 740 or higher
- Set up an auto-payment from a Watertown Savings Bank checking account.
If you have less than 20% to put down, add .50% to the rate, and if your credit score is below 740, add .250% to the rate. You'll still have a competitive rate! Plus, you will also receive a $550 discount on closing costs.
In addition, Watertown Savings Bank partners with Waltham Alliance for Teaching Community Organizing & Housing (WATCH CDC); Housing Corporation of Arlington; and Metro West Collaborative Development (Metro West CD) to educate first-time home buyers.
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Find out more about home ownership in the area and reach out to our Loan Officers for assistance and to get started!
Let's help you turn your dream of homeownership into reality. Figuring out how much home you can comfortably afford is a key first step in the buying journey, and our Home Affordability Calculator helps you find that number with confidence.
Our exclusive home loan offer, Freedom 30, is designed to give you the freedom to move forward in confidence. And, as a first-time homebuyer, you'll be able to stack the benefits.
Our Loan Officers are local residents and deep roots in the community. They understand the real estate market and can offer personalized service to guide you through the homebuying process. Contact them to get started!
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