We open doors for first-time homebuyers.
We designed the Pathway Mortgage especially for first-time homebuyers. Along with the stability of a fixed rate, Pathway Mortgage applicants can also receive $1,000 toward closing costs1 upon completing a homebuyer education course.
There are also a number of local and federal programs that can make your purchase more affordable. Learn about them on our Mortgage Types page. Our Mortgage Banking Officers know the market, respect your time, and make the home-buying process easy and efficient. Let us help you explore your options.
10 Steps to your new home
- Talk it over
Meet with one of our experienced lenders for advice and guidance along with information on special financing for first-time buyers.
- Educate Yourself
Take a homebuyer education course. It not only raises your home-buying IQ, but could earn you $1,000 toward closing costs1. Even if you don’t take a class, now is the time to figure out how much you can afford.
- Get Pre-Approved
If you haven’t already, check your credit score and then get pre-approved. Pre-approved buyers are in a far stronger position to negotiate the best possible agreement. Apply online or in-person with one of our mortgage lenders who will provide help every step of the way.
- Partner with a realtor
Having a realtor on your side makes the process easier. Get recommendations from family and friends, and only work with someone you like and trust.
- Go Home Shopping
Once you’ve decided your price range, ideal location, and must-haves, see what’s on the market. When visiting a property, take notes and photos, and ask questions.
- Make the Offer
You’ve found the house; you love it and you’re ready to make it yours. Work with your realtor to align your best financial interests with the seller’s need.
- GET A HOME INSPECTION
The inspection is essential to assuring that the home is in good shape and valued appropriately.
- Complete the Approval Process
Your mortgage lender will walk you through everything you need, and the Bank will order an appraisal to verify the value of the property.2
- BUY HOMEOWNER’S INSURANCE
Get advice from those with experience, read online customer reviews, and comparison shop. Note that bundling your home and auto insurance could save you money.
- Close the deal
At the closing, you’ll need photo ID, cashier’s or certified check for down payment and closing costs, proof of insurance, and the final purchase and sale agreement.
The papers are signed and everything is in order—now it’s time to celebrate. Welcome to your new home!
The first step to your new home is connecting with a mortgage banking officer who can answer questions and explore your options. Use this form or call (800) NSB-CASH (800-672-2274) to set up an informal conversation. We typically get back to you in one business day.
Work with a team that's making a difference
As an independent Vermont-based bank, Northfield Savings Bank is owned by our depositors, not shareholders. So our mindset and operations are wholly local, and lending decisions are made by experienced bankers who live and work in the communities they serve.
Northfield Savings Bank gives 10% of our earnings to Vermont non-profits that support and strengthen our communities. When you bank with us, you become part of a team helping make Vermont a better place to live and work.
Learn about our community giving »
1 Approval subject to NSB underwriting and credit eligibility requirements.
2 Subject to credit approval