First-Time Home Buyers:  We’re With You Each Step of the Way Icon

First-Time Home Buyers: We’re With You Each Step of the Way


Buying your first home is an exciting time, but there is a lot to know and the process may seem complicated. You can depend on RTN to guide you along the path to home ownership. From preapproval to move-in day, we’re with you each step of the way!

We offer special first-time home buyer mortgages and free home buyers seminars designed to help make your dream a reality.

If you have not owned a home in the past three years, you may qualify for one of our first-time home buyer programs or you may apply for an RTN fixed or adjustable rate mortgage available to all members.

First Time Mortgage Plus Special (Fixed Rate)

  • Discounted rates for the first year
    • 0.50% discount with down payment between 3% and 4%
    • 0.75% discount with down payment as low as 5%
  • 10, 15, 20 and 30 year terms
  • Loans up to $510,400
  • Owner-occupied primary residence
  • No income limits
  • Down payment can be from gifts and 401(K) loans
  • Other terms and conditions may apply

First Home Mortgage (Adjustable Rate)

  • Discounted rates for the initial adjustable rate
    • 0.125% discount with down payment between 3% and 4%
    • 0.25% discount with down payment as low as 5%
  • Three adjustable rate options, 30 year terms:
    • Rate is fixed for three years, then adjusts every three years thereafter (3/3)
    • Rate is fixed for the first five years, then adjusts annually (5/1)
    • Rate is fixed for the first seven years, then adjusts annually (7/1)
  • Loans up to $510,400
  • Owner-occupied primary residence
  • No income limits
  • Other terms and conditions may apply

Free Seminars

Throughout the year, we offer free first-time home buyer seminars where you’ll learn importance of having good credit, how to improve your credit score so you can get a better rate, how to find the right home and the true cost of home ownership.

All who complete an RTN first-time home buyers seminar are eligible to receive a $250 closing cost credit when taking a mortgage with RTN.  View our list of free home buyers seminars.

Tax Savings

Interest payments on your mortgage loan may be tax deductible (within qualifying IRS regulations). Check with your accountant or tax advisor.

For more information about first-time home buyers mortgages and resources, contact an RTN Mortgage Specialist at 781-736-9859 or mortgage@rtn.org.

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Home Loans Preapproval

Need a preapproval? Many sellers require buyers to have a preapproval letter before they will accept an offer.

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