new for first-time homebuyers
use your $8,000 tax credit for your downpayment

Legacy loans help put home ownership within reach

There’s never been a better time to buy: A new federal tax incentive, a drop in housing prices and interest rates, and a new loan program have created a perfect opportunity for qualified, first-time home buyers. Legacy is the first to offer the MassHousing Tax Credit Loan, a new program that lets you use your $8,000 tax credit now – for your down payment or closing costs.

This Tax Credit Loan Program, is being offered to eligible first-time home buyers through MassHousing’s first-time homebuyer mortgage programs. The homebuyer tax credit, which is part of the federal Housing and Economic Recovery Act of 2008 (HERA), is available to qualified individuals and families and is claimed at the time of tax filing. Those who take advantage of the Tax Credit Loan Program may repay the loan once they receive their tax refund in the corresponding year.

Of course, Legacy Banks’ mortgage experts are ready help with all types of mortgages and refinancing. We offer knowledgeable advice, plus competitive rates and terms, to help you meet your goals. If you’ve been waiting for the right moment to buy your first home, now is the time to call Legacy. But you need to hurry! Home purchases for this program must close by 6/30/10.

* Subject to credit approval. The 2010 First-Time Homebuyer Tax Credit of up to $8,000 is available to qualified first-time home buyers only, with signed sales contracts before May 1, 2010, and transactions closed by June 30, 2010.

Talk to our mortgage experts at 800-292-6634

Legacy Banks offers a variety of first time home buyer programs with low rates and minimum down payment requirements. We waive our application fee for first time home buyers and extend a free and fast pre-qualification process, so you’ll have an advantage when looking to purchase a home.

The experienced Mortgage Specialists at Legacy Banks will help you choose a mortgage that best fits your financial needs. We’ll review the variety of loans available, explaining how changing interest rates, down payment amounts and terms can affect your monthly payments, and help you complete our handy Mortgage Shopping Worksheet to track and compare all of your home financing options.

Legacy Banks' low interest rates and superlative customer service help make buying your new home a positive and rewarding experience.

Click here to apply online

Use our online mortgage calculators to see how much house you can afford.

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