First-Time Homebuyer Mortgages
If you’re a first-time homebuyer, congrats! This is an exciting time. We know it can also be overwhelming to navigate the mortgage waters and know what best loan product to choose. That’s where ENB can help.
We offer safe, reputable first-time homebuyer loans for people just like you. And because ENB is a true community bank, you get friendly, personal service that ensures a smooth, worry-free lending experience – from start to finish. Browse our FAQs for answers to your mortgage questions.
Fixed-Rate Mortgage
Typically referred to as a traditional mortgage, this is the most common mortgage used for purchasing a home or land. It’s a great option for borrowers who want predictability.
Adjustable-Rate Mortgage
Adjustable-Rate Mortgage (ARM) loans have an initial interest rate that is fixed. After the fixed-rate period expires, the rate become variable and adjusts annually.
Construction & Renovation Loans
ENB has a variety of home construction & renovation loans to help you build or renovate the home of your dreams.
GreatStart HomeLoan™
GreatStart HomeLoan is a simple, straightforward loan for first-time homebuyers that is designed to help low to moderate income borrowers achieve the dream of home ownership.
FHA-Guaranteed Home Loans
FHA loans are designed to help low to moderate income borrowers buy a home with a lower down payment and more lenient credit score requirements.
VA-Guaranteed Home Loans
VA mortgage programs allow up to 100% home financing for Active Duty Service Members, Veterans, National Guard Members, Reserve Members and certain surviving spouses.
USDA-Guaranteed Housing Loans
The USDA Rural Housing Program allows up to 100% home financing for eligible borrowers who live in rural areas and meet certain income requirements.
First Front Door
With the First Front Door* (FFD) program first-time homebuyers can receive $3 for every $1 they put towards a down payment and closing cost up to $5,000.