First-Time Homebuyer Loan Options

Whether you're beginning your home search or preparing to make an offer, our mortgage officers can explain the home buying process, discuss available mortgage options, and answer your questions.

Features

• Financing available for up to 97% of the home's value.
• Private mortgage insurance (PMI) is not required.
• Available to eligible first-time homebuyers who have not owned a home within the past three years.
• Income limits apply.
• Available for eligible properties located within Orrstown Bank's Community Reinvestment Act (CRA) Assessment Area.
• Additional credit, property, and program requirements apply.

What First-Time Home Buyers Need Most:

• Mortgage officers are available to answer questions and explain available mortgage options.
• Conventional and government-backed mortgage programs may be available for eligible borrowers.
• State, local, or federal down payment assistance programs may be available to help reduce upfront costs, subject to credit approval and program eligibility.
• Mortgage pre-approval can provide an estimate of your borrowing amount before you begin shopping for a home.

Follow the Path to Homeownership:

1. Understand Your Budget. Review your income, expenses, and available funds to estimate a comfortable home price range.
2. Get Pre-Approved. A mortgage pre-approval provides an estimate of your borrowing amount before you begin shopping.
3. Explore Assistance Programs. Learn about available grants, down payment assistance programs, and eligible loan programs.
4. Compare Mortgage Options. Review available mortgage programs and their eligibility requirements.
5. Complete Your Home Purchase.

Looking for more information about the home buying process? Our Home Buying Guide provides resources and guidance to help you navigate the journey to homeownership.