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Affordable Housing

Mortgage Assistance Programs

First-Time Homebuyer Help Starts Here

At Webster Bank, we’re here to help make homeownership possible. Discover mortgage options, down payment assistance, and educational tools tailored to support income-eligible buyers on their journey to a place of their own.

Check Eligibility

We can help you buy your first home

Available Mortgage Programs

Whether you need mortgage support or help covering upfront costs, these programs are designed for first-time homebuyers with income-based eligibility.

You're Home Program
Special Purpose Credit Program (SPCP)
  • Up to $25,000 in down payment and closing cost assistance
  • Discounted mortgage insurance available
  • Reduced interest rate solutions in eligible areas1
  • Non-traditional credit history accepted

See if you qualify

Requirements:

  • Must be a first-time homebuyer2
  • Borrowers can earn up to 80% of Area Median Income (AMI)3
  • Owner-occupied 1-4 family homes, condos, or NY co-ops4
  • Available in Connecticut, Massachusetts, Rhode Island, and New York
  • Homebuyer education required
Hope Program
Home Ownership Possibilities for Everyone (HOPE)
  • Up to $25,000 in down payment and closing cost assistance
  • Discounted mortgage insurance available
  • Reduced interest rate solutions in eligible areas1
  • Non-traditional credit history accepted

See if you qualify

Requirements:

  • Must be a first-time homebuyer2
  • Borrowers can earn up to 120% of Area Median Income (AMI)3
  • Owner-occupied 1-4 family homes or condos4
  • Available in Connecticut, Massachusetts, Rhode Island, and New York
  • Homebuyer education required

Available through HOPE or You’re Home programs

Down Payment & Closing Cost Assistance5

Supplemental Grant Program

Program Highlights:

  • Covers up to 10% of purchase price (max $25,000)
  • No repayment required
  • Grant is applied at closing
  • Income and location eligibility applies

Requirements:

  • Must be a first-time homebuyer2
  • Must be used with either the HOPE or You’re Home Programs and meet their respective Area Median Income (AMI)3
father and kids hanging picture in new home

First-time Homebuyer: What You Should Know

From paying down credit card balances to checking for mistakes in your credit history, there’s a few easy ways you could start improving your credit score as you prepare to begin the homebuying process. Access resources that will help you learn, save and prepare for the home-buying process.

Learn More

Find out if you’re eligible for our Affordable Housing options.

Simply fill out the form, find a local Community Liaison Officer or call the number below and a member of our team will confirm your eligibility or discuss how we can help you take the next step toward owning your first home.

888.493.2783Find a Community Liaison Officer

* Required field

Please do not enter any confidential or personally-identifiable information, such as your social security number, account number(s), or any username(s) and/or password(s) in this form.

Disclosures

All of our mortgage originators are registered with the Nationwide Mortgage Licensing System and Registry (NMLS System). To obtain the NMLS identification number of a Webster Bank Loan Officer, please call our Contact Center at 800.325.2424. The NMLS identification number can be used to search the NMLS National Database to view their background information.

All loans are subject to the credit approval process. This offer is subject to change without notice and may be withdrawn at any time.

1 Properties must be in Webster approved, eligible geographies. Speak with a Mortgage Banking Officer for details on specific eligible geographic areas and household income restrictions.

2 First-time homebuyers only (has not owned a home in the past three years), subject to 1st lien guidelines and property must be owner occupied primary residence only.

3 All census tracts must not exceed 100% for HOPE program and 80% for You’re Home Program of the Housing and Urban Development Median Income Limit.

4 Ineligible properties include Condotels, Manufactured Homes and Mixed-Use Properties.

5 Restrictions and qualifications apply. Required borrower contributions and down payments vary based on loan type, Loan to Value (LTV), and underwriting criteria.

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