Homestar Mortgage offers more affordable mortgage options for first time buyers.
If you have not owned a primary residence in the last three years you are eligible for our low cost products designed specifically for you. Through Homestar, you can purchase a single-family home, condo, or two to four-family home with a mortgage amount up to $460,000. Some of the various program options include:
- 100% financing for one and two-unit properties
- As little as 3.5% down for three and four-unit properties
- No mortgage insurance or reduced mortgage insurance options
- Conventional multi-family purchase with 5% down AND no mortgage insurance
- Credit scores as low as 620
- No income limits
- Closing cost assistance available
- Rehabilitation loans with no money down
Rhode Island properties only.