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First-Time Homebuyer Program

Kickstart your homeownership adventure with a program that's loaded with perks. As a first-time homebuyer, you have access to a variety of benefits that make finding and purchasing your first home that much more rewarding.

  • Great rates
  • Flexible qualifying guidelines
  • Reduced closing costs
  • Free pre-qualification and pre-approval
  • Easy to apply online!

Home Buyer Certificate Course:
Saturday, May 11 & 18, 2019, 8:45 am – 1:30 pm

Join Melrose Bank for a Citizens’ Housing and Planning Association (CHAPA) approved first-time homebuyer course for Community Teamwork, Inc. The two-session certification course will take place on Saturday, May 11th and Saturday, May 18, 2019 from 8:45 am to 1:30 pm. Upon completing the course, participants will receive the certificate required for loan programs offered by MassHousing and other agencies.

Topics to be covered include: household budgeting, getting a mortgage, working with a realtor, selecting a home inspector, the role of the attorney, MassHousing programs and other financing options.

Registration is required for this event. The cost is $60 per household, but participants who register through Melrose Bank will be rebated at class completion.

Register Online

It will be necessary for you to gather some additional documentation to submit with the loan application. Those documents include:

  1. Prior two years' W-2 forms
  2. Current paystubs (covering the most recent 30 day period)
  3. Copies of bank statements for the most recent three (3) months
  4. If you are self-employed, please provide copies of your most recent two years' Federal Tax Returns (Three years Federal Tax Returns may also be required of all applicants to confirm your status as a first-time homeowner.)

For additional information or assistance, contact a Mortgage Specialist.

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"Thank you for giving our Brownie Troop a tour of the bank. We are working on a Money Manager badge, and the tour got them excited about money."

Heidi

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