First Time and Moderate Income Mortgages

You are here

Working with our experienced team of mortgage lenders you'll find old-fashioned values, matched with innovative products for whatever property you're looking to finance.

Low Down Payment Options (Down Payment Advantage Loan)

Designed to provide low- to moderate-income borrowers or borrowers within lower income areas, the chance to own the home of their dreams.

  • Down payment as low as 3%* – ideal for buyers who can’t afford to make a large down payment (Gifts or Grants accepted)
  • Borrower is not required to be a first-time buyer
  • Allows for Seller concessions up to 3% and reduced Mortgage Insurance coverage of 25%
  • Required Framework® Homeownership Education Program to help you succeed ($75 cost covered by Northeast Bank)
  • Flexible income limitations
  • Contact a lender today to get started!

*3% down payment limited to fixed-rate mortgages.

No Mortgage Insurance (MI Advantage Loan)

Enjoy a low fixed rate with only 5% down and NO monthly mortgage insurance!

Maine State Housing Authority Loans (MSHA)

Excited, anxious and overwhelmed, we know! Don’t worry, we’ve helped thousands of people buy their first homes, and we'll help you every step of the way.

You’ll find fixed rate loans with reduced interest rates and favorable terms, only available to first time home buyers. The program also allows you to buy a lower-cost home that needs refurbishing by offering very low interest rate loans for improvements.

Certain income and home price requirements apply. Check out MSHA's website or contact one of our mortgage lenders for full details.

MassHousing Loans

First time home buyers and moderate income families can enjoy an easy application process and a variety of programs to choose from to suit their specific situation. With low down payments, mortgage payment protection and no hidden fees or other surprises, MassHousing can be a great path to homeownership. To learn more, check out the MassHousing website, or contact one of our mortgage lenders for full details.

New Hampshire Housing Authority (NHHA) Loans

New Hampshire residents looking for an affordable mortgage? Check out the NHHA! Fixed rates, no hidden fees, and a variety of programs will help you get into the home of your dreams. Check out the NHHA website or contact one of our mortgage lenders for full details.

FHA Loans

With down payments as low as 3.5% of the purchase price and your loan funding fee included in the loan, an FHA loan is an affordable option. To learn if you qualify, click here to contact one of our mortgage lenders.

USDA Rural Housing Loans

This program will allow up to 100% financing for qualified buyers.To learn if you qualify, click here to contact one of our mortgage lenders.

VA Loans

If you're a Veteran, be sure to let us know. You may be able to qualify for 100% financing on either a new home or to refinance your existing home. Click here to visit the VA website or contact one of our mortgage lenders for full details.

Other Programs