First-time Homebuyers Resources “Mary, I can’t thank you enough for making my dream come true. You were such a lighthouse through the whole process, and I will forever be grateful for your talent and steadfast approach to getting the job done. I feel at home.”M. Allen, Bluestone Bank pre-approval and first-time homebuyer customer “I will 1000% be referring any friends of mine to work with you in the future. As a first-time homebuyer you helped me feel confident throughout the process and I am so thankful for that!”O. DeLuca, Bluestone Bank first-time homebuyer customer Bluestone strives to be the first lender you think of when you’re ready to buy your first home. Our team of loan officers provide the best combination of expert guidance and products to make financing your first home the easiest part of the process. Serving customers in Massachusetts, Rhode Island, and New Hampshire. Here is an overview of the support you can expect during each step of the process: Step 1: Get Pre-approved The pre-approval process helps first-time homebuyers understand how much home they can afford. What is a pre-approval? Pre-approval is the closest you can get to confirming your credit worthiness without a purchase contract. It’s free, fully underwritten, and tailored to your needs. If you are submitting an offer on a home, pre-approval makes your offer significantly stronger, and many sellers won’t consider offers that don’t come backed by a pre-approval letter. When you contact a loan officer, we can walk you through the pre-approval process. Contact a Loan Officer Get Pre-Approved After pre-approval We will stay in touch throughout your house hunting journey, updating your pre-approval to keep you competitive for the current market conditions and the specific location where you are looking. Step 2: Secure Financing Once you’ve gotten pre-approved and worked with us to determine the best way to finance your purchase, you can begin the search for your dream home! Contact a mortgage loan officer who will help you leverage the market with their expertise. Save Your Way Home – A flexible savings program designed to help pre-approved customers save for their down payment and closing costs. In addition to the free pre-approval, you’ll receive monthly progress reviews from one of our expert loan officers, and a $2501 closing cost credit! View Save Your Way Home Program Contact a Loan Officer Lock & Shop – This program takes some of the stress out of the process because you can lock in your rate while you shop, so you don’t feel rushed to make a decision or risk losing out on a great rate. View Lock & Shop Program 1A credit of $250 towards closing costs will be issued at time of settlement on the Closing Disclosure. Please speak to your loan officer for further details. Step 3: Begin Your Journey! Bluestone has a variety of mortgage and rate lock options, savings accounts, and access to Down Payment Assistance programs for first-time homebuyers. Apply Now Contact a loan officer Down Payment Assistance (DPA) – Several Down Payment Assistance Programs are available to helpmake your home more affordable. We can walk you through the options and help you determine eligibility. View Down Payment Assistance Programs Low Down Payment Mortgage Programs – We offer a variety of low down payment mortgage optionsto suit your needs, including TruBlue Mortgage with no PMI, VA mortgage, FHA, MassHousing, Home Ready, Home Possible, and more. View Mortgage Options Get a Customized Mortgage Rate – First-time homebuyers can also get a customized mortgage rate to get a pulse on today’s market. Customized Mortgage Rate Plus, you can enjoy the convenience of our online portal where we make it easy to receive, review, and send documents securely online. Helpful Calculators Should I rent or buy? CALCULATE How much homecan I afford? CALCULATE Mortgage Payment Calculator CALCULATE
