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Mortgages for Connecticut's First-Time Homebuyers

Dreaming of owning a home? Take advantage of the First-Time Homebuyer Program from Thomaston Savings Bank. This special first-time homebuyer program is made available to assist individuals either buying homes in low- and moderate-income census tracts, or low- and moderate-income individuals purchasing homes in any of the Bank's communities here in Connecticut. With competitive rates and personalized service, open the door to your new home.

 Contact Us for Current Rates

Find A Homebuyer Program Built for Where You Want to Live

First-Time Homebuyer

Available in designated areas
within these communities.1

  • Bristol
  • New Britain
  • Plainville
  • Torrington
  • Waterbury
  • West Hartford
  • Winsted

First-Time Homebuyer Plus

Available in any of the Bank's communities.1
Income limits apply.2

  • Thomaston
  • Watertown
  • Plymouth
  • Harwinton
  • Woodbury
  • Litchfield
  • Morris
  • New Hartford
  • Torrington
  • Bethlehem
  • Winsted
  • Middlebury
  • Naugatuck
  • Prospect
  • Waterbury
  • Wolcott
  • Avon
  • Bristol
  • Burlington
  • Canton
  • Farmington
  • New Britain
  • Plainville
  • Southington
  • West Hartford


Program Highlights:

  • 3% minimum down payment
  • No P.M.I. (Private Mortgage Insurance)
  • Rate reduced .25% below our current rate
  • Rebate of full appraisal fee at closing
  • Non-traditional or limited credit history

Alternate Credit Underwriting:

  • One year employment history
  • Self employed - two years of steady income
  • Utility bills and rents - used for credit history

Program Details:

  • $350,000 maximum loan amount
  • Owner-occupied, 1-4 family and condos
  • Various fixed rate options available
  • No pre-payment penalty
  • No balloon payment
  • Homebuyer education program required
  • Property must be located in a designated census tract, or homebuyer must be a low- and moderate-income individual purchasing a home in any of the Bank's communities.

Down Payment Assistance Available:

This Thomaston Savings Bank program is available to be used in conjunction with First-Time Homebuyer and First-Time Homebuyer Plus Programs for up to 3% of your home's financing. 

Contact a Mortgage Loan Officer to apply!

Fill out your information below to get in touch and find out how you can become a First-Time Homebuyer.

Jason Alldredge head shot

Jason Alldredge
NMLS ID 457926
Work: 860-283-3441
Mobile: 203-558-0290


Vania Guerrera head shot

Vania Guerrera
NMLS ID 457927
Work: 860-283-3487
Mobile: 203-525-0364

Bob Frazee head shot

Bob Frazee
NMLS ID ​103851
Work: 860-283-34​06
Mobile: 860-559-0353

Headshot Kate Crovo

Kate Crovo
NMLS ID ​882254
Work: 860-283-3610
Mobile: 860-307-0371


Russell Baboff
NMLS ID ​1014636
Work: 860-283-3688
Mobile: 860-463-1745


Peter Aylward
NMLS ID ​106105
Work: 860-283-3681
Mobile: 203-685-9550

Contact your loan officer for details.
2 80% area median income limits apply. The United States Department of Housing and Urban Development (HUD) calculates AMI for each geographic region in the country by using data from the US Census based American Community Survey. A household’s income is calculated by its gross income, which is the total income received before taxes and other payroll deductions.
**Your information will be sent securely through our system, directly to a Mortgage Loan Officer.