Government and State Agency Loans
If the down payment and projected high monthly payments are impeding you, help is here. Government programs are in place with low down payments and interest rates to get you the front door keys.
- Low down-payment requirements
- Competitive mortgage rates
- Support from State Agencies, Federal Housing Authority (FHA) and Veterans Administration (VA)
- Webster participates in State Agency programs such as Connecticut Housing Finance Authority (CHFA), Massachusetts Housing Finance Authority (MHFA), and NY SONYMA
Frequently Asked Questions
Government mortgages have specific eligibility criteria, such as income level, property condition, and military service for VA loans. Like with any mortgage product, borrowers are subject to credit approval. To find out if you qualify, contact one of our mortgage experts today.
We work with a variety of government programs that provide eligible participants with lower interest rates, lower down payments and lower closing costs. These loans are particularly popular for first time home buyers and veterans.