A better way to buy your first home with as little as 1% down.
Introducing our BetterWay Down Payment Assistance Program for qualified income-eligible first-time homebuyers. This program combines a Westfield Bank mortgage with a Down Payment Assistance loan to supplement your 1% down payment and closing costs.*
Even Better:
- No Private Mortgage Insurance (PMI) payments - we'll cover the cost for you.
- Plus, you get a 0.125% interest rate discount and $500 lender credit towards closing costs!
With flexible guidelines and local experts ready to help, Westfield Bank puts homeownership within reach.
That's what better banking's all about.
*All borrowers must be a first-time homebuyer, which is an individual who is purchasing the property, who will reside in the property as their primary home, and who has had no ownership in a residential property during the 3-year period preceding the date of the purchase of the subject property. Homebuyer counseling is required. Household income must meet eligibility requirements based on 100% of the Area Median Income by county (MA) or planning region (CT). $500 lender credit cannot be combined with other offers. 1% down payment is for a single family home or condominium in Hampden County, Hampshire County, Hardwick, New Braintree, Warren or West Brookfield in Massachusetts, or Avon, Barkhamsted, Bloomfield, Canton, East Granby, East Windsor, Ellington, Enfield, Farmington, Granby, Hartford, Hartland, New Britain, Newington, Somers, Simsbury, Suffield, West Hartford, Windsor or Windsor Locks in Connecticut. Ask about our option for two-family homes.