First Time Home Buyer Program in RI, MA, & CT

Looking to buy your first home?

Local decision-making from a local Credit Union that cares about its members and community.

Providing Southern New England with FTHB Programs

Step into Your First Home Mortgage

An easy and affordable way to finance your first home.

  • Lower down payment, just 3% down and only 1% needs to be your own savings.
  • Reduced interest rates for the first three years.

Active as of 04.19.2024

First Time Home Buyer Mortgage

ProductInterest RatePointsAPR*
Year 1*6.00%06.84%
Year 2*6.25%06.84%
Year 3*6.50%06.84%
Year 4-30*6.75%06.84%

Meet our Mortgage Advisor Team

Still have questions? Schedule a free consultation with one of our Mortgage Advisors.

Whether you are buying or refinancing, our Mortgage Advisors are available to assist you in finding the program that’s right for you. Check the background of your professional Mortgage Advisors by visiting NMLS® Consumer Access.

Portrait of Diane Crosby, Mortgage Loan Officer

Diane Crosby

Mortgage Advisor
Phone: 401.619.1764
[email protected]
NMLS ID#1247496

Portrait of Kari Reardon, Mortgage Loan Officer

Kari Reardon

Mortgage Advisor
Phone: 401.619.1762
[email protected]
NMLS ID#715427

Portrait of Donald Nessing, Mortgage Loan Officer

Donald Nessing

Mortgage Advisor
Phone: 401.619.1763
[email protected]
NMLS ID#18358

Frequently Asked Questions

Typically, the Mortgage process takes from 45 to 60 days for purchase and refinance loans.  The closing date on a purchase transaction is dictated by the purchase and sale agreement. 

First and foremost People’s does not collect any fees for you to apply.   Closing costs vary depending on the type of mortgage and the amount of the mortgage you apply for, and will vary based on your situation.   Fees are broken down into categories. For example, fees may be charged by outside venders for the Credit Report, Appraisal, Attorney Fee, Tax Service, or a Flood Certificate. There are also fees collected by the town such as recording fees and taxes.  The only fees collected by People’s Credit Union are for underwriting the loan.

People’s Credit Union offers a full range of fixed and variable interest Mortgage Loans. Please visit our Mortgage page to learn more about our products and meet our Mortgage Lenders..

When you apply for a mortgage we must verify every statement made on the application relative to your income, debts, bank accounts, properties owned.  We have a team of knowledgeable mortgage professionals that will help you every step of the way.

We do sell and underwrite to secondary market (Fannie Mae) guidelines. However, we will service your loans, so you will always pay your mortgage directly to us.