lower down payments

flexible ways to qualify

FHA Mortgages from Legacy Banks

Break the down payment barrier

Even a small down payment can qualify you for a safe, affordable mortgage at Legacy Banks. We’re the first local lender in Berkshire County to offer FHA mortgages featuring down payments as low as 3.5% (or even lower with a family gift), to help put homeownership within reach. Even if your credit history isn’t spotless, Legacy Banks can make home financing accessible. We’re committed to responsible lending, with affordable payments and sensible terms that put home ownership within reach. These options are great for refinancing, too.

The process is simple

1) Give us a call to arrange a quick meeting with a Legacy Banks Mortgage expert for a pre-qualification meeting. This is how we determine what you qualify for.

2) Shop for a home!

3) Come back to Legacy where we get the paperwork taken care of

4) Schedule the closing, usually within 45 days.

Ask us about some of these great benefits that might help you affordably buy or refinance a home:

Lower Down Payments at Competitive Rates
Total Cash Investments as low as 3%
Loans to 100% of the total investment with a Gift from a family member
The Seller can help pay closing costs up to 6%
Cash Reserves not required
Flexible qualifying ratios with reasonable leniency for those with credit challenges
Non-occupying co-borrowers are allowed
Relaxed property/pest/water standards for home inspections