First-Time Home Buyer Program

Do you dream of owning your own home, but worry about finding a mortgage you can afford? We can help with special mortgage programs tailored specifically to first-time home buyers, that allows for a broad range of incomes and savings levels.

Count on our knowledgable, friendly mortgage loan officers to help you get the financing you need to buy your first home.

Meet the team

To assist first-time home buyers, we offer several down payment assistance programs. We’ll help you find one to fit your needs.

Low Down Payments

Down payments of just 3% and financing up to 97% on many homes.
Flexible sources of funds allowed for down payments.

Build Home Equity and Save

First time home borrowers may not have to bear the cost of additional private mortgage insurance once they achieve at least 20% equity in their homes. This can result in significant savings.*

Choice of Fixed Rates, Variable Rates, and Terms

Burke & Herbert Bank offers a wide range of rates and terms on all our mortgage products.

Low Down Payments

Down payments of just 3% and financing up to 97% on many homes.
Flexible sources of funds allowed for down payments.

Build Home Equity and Save

First time home borrowers may not have to bear the cost of additional private mortgage insurance once they achieve at least 20% equity in their homes. This can result in significant savings.*

Choice of Fixed Rates, Variable Rates, and Terms

Burke & Herbert Bank offers a wide range of rates and terms on all our mortgage products.

FHA Loans and VA Loans

Our program also includes mortgages backed by the Federal Housing Administration (FHA), which can require down payments of just 3.5%. We also offer mortgages backed by the Veterans Administration (VA), which can feature 0% down payments for qualified members of the military and veterans.

Down Payment Assistance and Other Housing Programs

To assist first-time home buyers, we offer several programs. We’ll help you find one to fit your needs:

FHA Loans and VA Loans

Down Payment Assistance and Other Housing Programs

To assist first-time home buyers, we offer several programs. We’ll help you find one to fit your needs:

More Information

Need Help?

Call us at 1-855-571-5824 and ask to speak with a Mortgage Loan Officer.

Schedule an appointment

* Qualifications apply for the release of Private Mortgage Insurance. Elimination of Private Mortgage Insurance premiums does not guarantee lower monthly payments for a home. Monthly payments may also include property taxes, home owners insurance and other costs.

The information on this web page is for informational purposes only and is not a commitment to lend. Programs offered, rates and terms are subject to change without notice. All loans are subject to underwriting approval.