M&T can help make purchasing your first home easier.
If you've never owned real estate or haven't owned real estate in the past three years, you may qualify as a first time homebuyer – giving you access to a variety of state and federal loan programs.
Before you begin your home search, contact an M&T Mortgage Loan Officer to discuss the process and find out what type of mortgage program is best for you. You can
search for a loan officer in your area or submit your contact info and we will
Mortgage Programs Available Through M&T
M&T Get Started Mortgage
This option features a low down payment for the borrower, and remaining down payment and closing costs can be funded by a gift or grant. M&T's Get Started MortgageDIS-91-DIS is available in certain counties in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and Washington, DC.
Read More About M&T's Get Started Mortgage (PDF) ›
Available to most homebuyers, FHA mortgages offer a low down payment option with no income limits.
Read More About our FHA Mortgages (PDF) ›
First Home Club
M&T Bank and The Federal Home Loan Bank of New York are working together to provide grant funds to qualified first time homebuyers. Individuals who have not owned a home of their own for three years are considered first time homebuyers. Program participants, before actually purchasing a home, make monthly deposits over a period of 12–18 months, into a First Home Club savings account. The First Home Club is available in New York and New Jersey. Homebuyer education is required to qualify for this program.
Learn More About The First Home Club ›
VA Loans have options available to assist borrowers with down payments and closing costs.
Read More About our VA Mortgages (PDF) ›
USDA Rural Housing Program
This program helps make homeownership affordable for buyers with little cash savings. Buyers in eligible rural areas may be able to purchase a home with no down payment.
Read More About the USDA Rural Housing Program (PDF) ›
State-Specific Programs for First Time Homebuyers
State specific programs are available to help assist first time homebuyers with the purchase of their new home. Down payment and closing assistance may also be available to help you purchase your dream home.
Find a Mortgage Loan Officer ›
You can also explore the following websites for more information.
Connecticut Housing Finance Authority (CHFA) ›
Delaware State Housing Authority (DSHA) ›
District of Columbia
District of Columbia Housing Finance Agency (DCHFA) ›
Maryland Community Development Administration (Maryland CDA) ›
State of New York Mortgage Agency (SONYMA) offers a variety of opportunities for first time homebuyers in New York State, including programs for veterans, lower income buyers and those interested in purchasing an under-construction home or one in need of improvements.
Learn More About SONYMA Programs ›
Virginia Housing Development Authority>
Take the next step.
For more details on mortgage programs and other support for eligible first time homebuyers, please contact us today.
Monday–Friday 8:30am–9:00pm ET
Saturday 10:00am–2:00pm ET
Have us call you.
Send your name and contact information, and an M&T Mortgage Loan Officer will get in touch.
Submit Contact Request Form ›
Find a specialist in your area.
To locate a Mortgage Loan Officer near you, use our finder tool.
Find a Mortgage Loan Officer ›