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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.