East Boston Savings Bank-First Time Home Buyer

	Overview
	Fixed
	Bi-Weekly
	ARM
	First Time Home Buyer
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	Home Financing Calculators
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You're purchasing your first home and want a loan with flexible underwriting criteria to help you qualify.

What it offers:

Lower interest rates

Fixed bi-weekly and Adjustable Rate Mortgage Programs available so you can choose the program that is best for you

Flexible qualifying ratios makes it easier for you to be approved

Various point options available to lower your interest rate

Up to 95% financing available for borrowers meeting certain eligibility requirements

Loans with less than 20% down require private mortgage insurance subject to their guidelines

Property Type:

Owner occupied 1-4 family located in Massachusetts or New Hampshire

Terms:

Up to 40 years

First Time Homebuyer Programs as of May 7, 2008

Owner-Occupied Mortgage Loans

Program	Down Payment	Maximum Loan	Maximum Term	Interest Rate	Points	Annual Percentage Rate	*Monthly P&I PER $1,000**
FTHB 5/3 ARM	20%	$417,000 Single $533,850 2-3 Family	30 Years	5.250%	0	5.250%	$5.52
FTHB FIXED Bi-Weekly	20%	$417,000 Single $533,850 2-3 Family	30 Years	5.875%	0	5.875%	$5.92
* (P&I) Principal and Interest -Minimum Down Payment for above first time homebuyer programs is 5%. -Eligible properties 1-3 unit, owner occupied properties. -Some income and property location restrictions may apply. Ask Loan Officer for details.

If you have any questions about East Boston Savings Bank's residential loans or services, please contact our Call Center at (800) 657-3272, or click "Contact Us" to e:mail our Residential Lending Division.

Member FDIC. Member DIF. Equal Housing Lender. Equal Opportunity Lender.