First Time Home Buyers
We offer first-time home buyer programs that work with government financial assistance programs to allow for flexible down payments and maximum financing. Let us help you realize the dream of owning a home.
Make home purchase a reality with Home Possible® Mortgage. A loan that offers additional flexibilities and financing options for First Time Home Buyers, Move-Up Borrowers and Retirees who qualify as very-low and low-to-moderate income, as well as those in underserved markets seeking low down payment options.
Features of the Home Possible® Mortgage include:
Contact an experienced Peoples Security Bank Mortgage Loan Originator at 888-868-3858 to discover the possibilities of home ownership and financing.
First Front Door may assist qualified first time homebuyers with a grant, matching $3 for every $1 applied toward a down payment and closing costs. You may be approved for up to $5,000 when funding is available through the FHLB Grant Program.
Peoples Security Bank offers a First Time Home Buyer Grant Program1,4 for buyers who qualify as low-to-moderate income borrowers and apply through Peoples Security Bank for their first mortgage loan.
Features and qualifications of PSBT's First Time Home Buyer Grant Program include:
Contact an experienced Peoples Security Bank Mortgage Loan Originator at 888-868-3858 to determine eligibility.
(1) Approval is based on household income.
(2) Service area includes: Bucks, Carbon, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Susquehanna, Wayne and Wyoming Counties in PA and Broome County, NY.
(3) Borrower's household income may not exceed the county's median income. Examples of median income based upon a four person household include: Bucks ($77,300), Carbon ($62,550), Lackawanna ($57,350), Lebanon ($61,600), Lehigh ($62,550), Luzerne ($57,350), Monroe ($63,300), Montgomery ($77,300), Northampton ($62,550), Susquehanna ($52,900), Wayne ($55,200) and Wyoming Counties ($57,350) in PA and Broome County, NY ($60,850). Other household income options available. To qualify, borrowers may not have more than $2,500 remaining in reserves after closing.
(4) All loans subject to credit and collateral approval. This offer is effective 9/17/20 and may be discontinued at any time without notice.