Introducing Geddes Federal Savings' First Time Homebuyer Program
Are you dreaming of owning your first home? Geddes Federal is here to help make that dream a reality with our first time homebuyer program, offering exceptional benefits and support throughout your first homebuying journey.
What is a First Time Homebuyer Program?
A first time homebuyer program is a mortgage product specifically tailored to the needs of people purchasing their first home. At Geddes Federal, we understand the homebuying process can seem overwhelming, especially for first time homebuyers.
Our first time homebuyer programs offer more favorable terms than conventional mortgages, making homeownership more accessible and affordable for people purchasing their first home.
Benefits of Our First Time Homebuyer Program
- No PMI Required: Unlike many other lenders, Geddes Federal doesn't require Private Mortgage Insurance, saving you hundreds of dollars each year.
- Flexible Terms: Terms up to 30 years with monthly or biweekly payment options to suit your financial situation.
- First Time Homebuyer Loans: Have not owned a home in the past 3 years and is owner occupied.
- Higher Loan-to-Value Ratio: You may qualify for loan amounts up to 90% of your new home's value, leading to a smaller down payment.
- Closing Cost Assistance: Geddes Federal will pay the mortgage tax and bank attorney fees on loans up to $1,600.00.
- Local Decision Making: As a community-oriented bank, we're proud to make all loan decisions locally by people who understand the Syracuse housing market.
How Do You Get a First Time Homebuyers Loan?
Ready to find out if you qualify for our first time homebuyers program? Our application process is simple:
- Speak with a Loan Specialist: Call us at (315) 468-6803 to speak with one of our loan specialists who will help determine if our first time homebuyer program is right for you.
- Application: Complete our straightforward application process with guidance from our team.
- Home Shopping: Work with a real estate agent to find your first home.
- Loan Processing: Our efficient team processes your application locally.
- Closing: We guide you through the closing process, thoroughly explaining each step along the way.
Call Us at 315-468-6803
Why Choose Geddes Federal for Your First Time Homebuyer Loan?
For over 75 years, Geddes Federal has helped our neighbors through life's most important milestones. We know that purchasing your first home can feel like navigating uncharted waters. The paperwork, the terminology, the financial considerations - Geddes Gets It.
Trusted as Syracuse's local bank with deep roots in our community, we understand the Central New York housing market and the unique needs of first time homebuyers.
We pride ourselves on our ability to provide helpful, local customer service with a staff of knowledgeable loan specialists to guide you throughout the homebuying process. To speak with one of our friendly loan specialists...
Call Us at (315) 468-6803
Start Your Journey to Homeownership with Our First Time Homebuyer Programs
Take the first step toward owning your first home by contacting Geddes Federal today. Our experienced loan specialists are ready to guide you through every step of the process, from pre-qualification to closing day.
To get started...