For many years, our experienced mortgage professionals have been giving the very best mortgage advice and service, especially to first time homebuyers.
Our First Time Homebuyer Program is offered for the purchase of properties located in Milford and Stratford. The program currently offers the following:
Discounted Interest Rates
Pre-Qualification certificates to help you shop for your home
Low Down Payment options
The Milford Bank also participates in the CT Housing Finance Authority (CHFA) first time homebuyer program on a statewide level.
Chances are, for the same amount you now pay in rent, you could be making a mortgage payment on a home of your own. You may be able to deduct mortgage interest and property taxes from your federal income tax. Ask your tax advisor for more details.
One of the greatest benefits to home ownership is the equity that is built up in your home over the life of the loan. You can use the equity to provide funds for whatever you choose – a child’s college education, home improvements or even your retirement.
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