First-Time Homebuyer

Become a homeowner and enjoy a lower down payment with HomeReady^TM from Marblehead Bank.

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Work with a local bank when you’re ready to purchase your first home.

Features & Benefits:

Put just 3% down on a single-family home, 10% on a condo
Processing fee covered by Marblehead Bank
Discounted attorney fee
10% discount on title insurance (based on purchase price)
0.125% discount with loan payments made by pre-authorized transfer from a Marblehead Bank checking or statement savings account
PMI required
Fannie Mae HomeView, a free online homeownership education course, required
Subject to HomeReady™ Income Eligibility Approval, Fannie Mae HomeReady™ Underwriting Guidelines and credit approval

FIRST-TIME HOME BUYER MORTGAGE RATES

APY is accurate as of 12/19/2025. All rates and terms subject to change without notice.


Loan Term	Interest Rates ¹	Points	APR³	Monthly Payment/$1,000
Loan Term 30 Years	Interest Rates ¹ 6.500%	Points 0.0	APR³ 6.707%	Monthly Payment/$1,000 360 monthly payments of $6.32
Loan Term 30 Years w/ automatic deduction	Interest Rates [superscript]1 6.375%	Points 0.0	APR³ 6.581%	Monthly Payment/$1,000 360 monthly payments of $6.24

Marblehead Bank NMLS# 417751

¹All advertised rates are subject to underwriting approval. Not all applicants will be approved. A minimum credit score requirement and a maximum loan-to-value restriction apply. Your rate offer may vary.

²0.125% discount is available when loan payment is automatically deducted from a Marblehead Bank checking or statement savings account.

³APR=Annual Percentage Rate. Monthly mortgage payments do not include amounts for real estate taxes and insurance premiums. The actual payment obligation will be greater. Property Insurance required. Subject to credit approval.