Middlesex Federal

First-Time Homebuyer

Buying your first home?
We're here to help you navigate the home buying process. 
Great Rates   |   Personal Service   |   Homebuyer Assistance   |  $250 Off Closing    |   Quick Close

Middlesex Federal has been making homeownership a reality for more than 130 years.  Committed to helping you prepare for a successful homebuying journey, we'll offer tips on how to improve your credit score, explain what's involved in the home inspection, and help you choose a finance package that fits your financial needs -  now and in the future.  The benefit of working with a community bank is that we're here for you before, during, and after your loan closes.  

Don’t delay! Talk to a Middlesex Federal Home Loan Specialist early in the process so that you're prepared for a successful homebuying journey and can avoid costly first-time homebuyer mistakes.

Click here for helpful, quick read first-time homebuyer blogs.

The Home Loan Journey
Most first-time homebuyers don't realize the benefits of working with a mortgage lender before they start searching for a home.  A Middlesex Federal Home Loan Specialist can help make your home buying experience less stressful so that you can focus on the excitement of finding your first home.  

Here are a some of the things a Middlesex Federal Mortgage Specialist can help you with: 

  • Understand how your credit score can impact your rate.
  • Provide quick tips on how to improve your credit score.
  • Determine how much you can afford BEFORE you start looking.
  • Identify closing costs, other expenses, and post-closing costs.
  • Inform you of what the home inspection does and doesn't include.
  • Understand the different loan options available.
  • Show you how it's possible to close your loan in less than 30 days.
  • Highlight the difference between single-family and condominium ownership.
  • Things to avoid during the loan process that could impact your approval or delay your closing.

    Whether you're just dreaming, looking around, or ready to make and offer, we're here to help you.  Set yourself up for success; speak to a Middlesex Federal Home Loan Specialist today!

Condo Financing Specialists 
If you're a first-time homebuyer considering purchasing a condo, you should know that some condo properties don't qualify for a traditional mortgage.  Working with a mortgage lender that understands condo financing can save you time and money.  Our experienced lenders understand the ins and outs of purchasing a condo.  

Homebuyer Assistance Programs*
Middlesex Federal is an approved lender for Federal Home Loan Bank Boston's homebuyer assistance programs. These programs are offered on a first-come-first-served basis with limited funds available.  We can help determine if you are eligible for one of these grants.  Applications cannot be submitted directly by the borrower, a Middlesex Federal Loan Specialist can submit a request for funding on behalf of eligible applicants.  


Pre-Purchase Review

Knowledge is power and knowing your maximum budget in advance can prove invaluable. We can help you determine how much home you can afford before you start shopping. 



Quick Close

Most homebuyers close in less than 30 days from a signed purchase and sale agreement with a Middlesex Federal Pre-Purchase Review. We're ready when you are! 



$250 Off Closing Costs

Receive $250 off closing costs and enjoy a better mortgage experience from your local bank.  


Middlesex Federal offers new purchase and refinance home loan solutions for primary and secondary Massachusetts properties.
Homebuyers Assistance:  Middlesex Federal Savings is an approved Federal Home Loan Bank Boston lender.  Our Home  Loan Specialist will determine eligibility based on the FHLB guidelines and work with eligible applicants that have a signed Purchase & Sale Agreement to complete and submit a request for funding on your behalf. Applications for funding cannot be submitted directly by the borrower. All programs are offered on a first-come, first-served basis, while funds remain available. Some conditions apply, including application approval, income eligibility, and Individual program restrictions. All loans are subject to credit approval.   Pre-Purchase Review includes a review of credit report and analysis of income and assets.    $250 Off Closing will be issued upon request and must be processed before closing documents are finalized. $250 will be credited to the homebuyer at closing. Offer valid for new Middlesex Federal purchase transactions only. Limited to one per closing.