Help for First-Time Home Buyers

Buying a home for the first time is an exciting adventure. But there is a lot to know, and it can be overwhelming. Let us offer you a helping hand as you navigate the process.

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

Check here for upcoming financial education seminars.

We have special financing programs available for first-time home buyers, including mortgage pre-approval. Products include:

First Time Mortgage Plus Special

  • 0.75% discount off your fixed rate RTN mortgage for the first three years
  • 10, 15, 20 and 30 year terms
  • Loans up to $484,350
  • Owner-occupied primary residence
  • No income limits
  • Down payments as low as 5%
  • Down payment can be from gifts and 401(K) loans
  • Additional terms and conditions may apply

Apply Now for Your First time Mortgage Plus Special

First Home Mortgage

  • 0.25% discount off your initial adjustable rate
  • Three adjustable rate options:
    • 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 seven years, then adjusts annually (7/1)
  • Loans up to $500,000
  • Owner-occupied primary residence
  • No income limits
  • Down payments as low as 5%
  • Additional terms and conditions apply

Apply Now for Your First Home Mortgage.
Our Mortgage Department will be happy to help you figure out the best option for you.  Call one of our specialists during business hours at 781-736-9900, option 2.

Mortgage Pre-Approvals

Before you begin looking for a home, be sure to get a free mortgage pre-approval.  A pre-approval allows you to negotiate from a position of strength, knowing in advance what you can borrow. You will also be able to determine whether there are any issues or factors (such as credit rating) that need to be addressed before filing a formal application. Mortgage pre-approval is a fee-free service for our members.

Apply for Your Pre-Approval.

Download a pre-approval form.

Not a member? Join RTN today!

Financial Education Seminars

RTN offers free, two-hour, first-time home buyers seminars in branch locations and in the workplace. These seminars cover the home buyer process in detail – from pre-approval to move-in day. Topics include how to find a home, why good credit is important for financing and what types of first-time home buyer programs are available.

Those who attend one of RTN’s first-time home buyers seminars will receive a $250 closing cost credit when taking a mortgage at RTN. For more information, email FinancialEducation@rtn.org or call 781-736-9900, extension 19945.

Two-Hour Seminar for First-Time Home Buyers

Learn how to find a home, why good credit is important for financing and what types of first-time home buyer programs are available. Those who complete RTN first-time home buyers programs will receive a $250 closing cost credit when taking a mortgage at RTN.
Presented by the RTN Lending Department and RTN Realty Advisors

Wednesday, October 2, 2019 – 6 to 8 pm
Tewksbury Branch
345 Main Street, Tewksbury

Wednesday, November 20, 2019 – 6 to 8 pm
Brookline Branch
365 Boylston Street, Brookline

Wednesday, January 15, 2020 – 6 to 8 pm
Waltham Branch
600 Main Street, Waltham

Wednesday, March 18, 2020 – 6 to 8 pm
Marlborough Branch
451 Boston Post Road East, Marlborough

Miércoles, 1 de abril, 2020 – 6 to 8 pm
Oficina de Waltham
600 Main Street, Waltham
Presentación en Español
Para más información acerca de esta clase, por favor llame a Brian al 781-736-9900, extensión 19864.

Thursday, April 16, 2020 – 6 to 8 pm
Waltham Branch
600 Main Street, Waltham

Wednesday, May 13, 2020 – 6 to 8 pm
Danvers Branch
29 Andover Street, Danvers

Wednesday, June 17, 2020 – 6 to 8 pm
Waltham Branch
600 Main Street, Waltham

Register for Two-Hour, First-Time Home Buyers

Ten-Hour Seminar for First-Time Home Buyers

RTN partners with Massachusetts Affordable Housing Alliance (MAHA) to offer a comprehensive, ten-hour, first-time home buyers seminar.Those completing all four sessions become eligible for a certificate that may help them qualify for a mortgage at some financial institutions or help with down payments and closing costs. Those who complete RTN first-time home buyers programs will receive a $250 closing cost credit when taking a mortgage at RTN.

Session 1 – Fall 2019
Tuesday, October 15 (Class 1)
Thursday, October 17 (Class 2)
Tuesday, October 22 (Class 3)
Thursday, October 24 (Class 4)
6 to 8:30 pm
Waltham Branch
600 Main Street, Waltham

Session 2 – Winter 2020
Tuesday, February 25 (Class 1)
Thursday, February 27 (Class 2)
Tuesday, March 3 (Class 3)
Thursday, March 5 (Class 4)
6 to 8:30 pm
Waltham Branch
600 Main Street, Waltham

Register for Ten-Hour, First-Time Home Buyers