First-Time Homebuyer Program
Amboy Bank takes pride in helping our first-time homeowners with special programs designed to make buying your first home more affordable. When you choose Amboy, you'll receive low down payment options, competitive interest rates, and personalized guidance.
About Amboy's Home Loans
If Rates Go Down, Simply Change Your Rate
Other banks require a refinance to change your rate, which entails a lot of paperwork and fees. At Amboy, you can modify your rate at any time with just a phone call.
Don't Worry About Rates Rising Before You Close
Your rate is locked in for 60 days. This could save you a substantial amount of money if rates go up during the mortgage approval process.
We Keep and Service Your Loan
We don't sell our loans, which means if you have questions or concerns at any time during the life of your loan, you'll always know where to find us.
Personalized Advice from our Local Team of Home Loan Experts
When it comes to home financing, one size doesn't fit all. Our local, non-commissioned experts take the time to understand your unique goals and guide you every step of the way with honest advice and tailored solutions.
Other Home Financing Needs
DisclaimerFirst-time homebuyers and first lien positions only. Available for 1-4 family, owner occupied homes with a minimum of $50,000 and a maximum of $625,000. Approved applicants responsible at closing for funding interim interest and escrow account for property taxes and insurance. Subject to credit approvals and home appraisal. Additional terms and conditions and closing costs may apply. One or more persons can use their deposit as collateral to reduce down payment requirement and must be kept on deposit until homeowner(s) has 78% loan-to-value.