First-Time Homebuyer Program

Leader Bank’s First-Time Homebuyer Programs

Leader Bank is committed to creating a great experience for all our clients, and that begins with those who qualify for first-time homebuyer programs.

There are a number of resources available to first-time homebuyers, from understanding the mortgage process to specialized government programs designed to make the dream of homeownership a reality.

To better understand whether you qualify for a specific mortgage program be sure to consult with a certified Loan Officer for help navigating the process. It is also helpful to inquire with your respective town or city’s housing board as there may be additional programs offered to you.


Leader Bank offers a host of specialized programs for first-time homebuyers.

The process begins with a free and flexible consultation with one of our Loan Officers who will guide you through every step.

We offer:

  • Specialized products for low- and moderate-income borrowers
  • Flexible FICO requirements with free credit service
  • Competitive rates with MassHousing, FHA and Mortgage Insurance options
  • Flexible underwriting options for non-occupant, co-borrowers and gift funds

In addition, Leader Bank’s CRA Affordable Mortgage Program is designed to help meet the credit needs of our communities in accordance with the Community Reinvestment Act. This program is perfect for creditworthy, low- to moderate-income borrowers. Talk to one of our qualified Loan Officers for borrower eligibility criteria.

We also work collaboratively with Fannie Mae and Freddie Mac, which were created by Congress to create a supply of affordable mortgage funds across the country. They work with institutions to provide liquidity, stability, and affordability to the mortgage market. By working with enterprises such as Leader Bank that make loans to finance housing, the dream of homeownership is offered to a greater number of families and individuals. In addition, Fannie Mae and Freddie Mac provide low-down payment mortgages to credit-worthy, low-income borrowers.

Chat with one of our Loan Officers today to see which of these programs you qualify for.

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Our Service

With more than 50 Loan Officers, Leader Bank’s residential lending team offers the scale to meet your mortgage needs with expertise and speed. Our dedicated team members frequently offer in-person and virtual workshops to walk you through and answer questions about the homeownership process.

Helpful Tips

Applying for a mortgage is a very detailed process, and there are many factors that can affect your application. It is important to know the ins and outs of what to do while going through this process to secure the best rate and avoid last-minute hang-ups.

We understand you will have many questions during the process, so we’ve created a library of resources to answer some of the more common ones. See the links below to get up to speed on the mortgage process:

Click here for a list of things not to do while applying.

Additional Resources

For those interested in residing here in Massachusetts, there are a number of locally focused federal and state governmental resources available:

Contact a Loan Officer