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First-Time Homebuyer programs

Achieve the American Dream with a bank you can count on

Being a first-time homebuyer can often feel overwhelming. Why not make sure you’re buying with a bank you can count on? Amalgamated Bank’s First-Time Homebuyer programs offer a common-sense approach to help you get the best loan for the best value.

With Amalgamated Bank, you’ll get:

  • Competitive interest rates and no hidden fees
  • No high-cost loans or predatory lending
  • An easy online application process
  • A licensed mortgage loan officer to help you
  • A bank that puts you first through every step of the process
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First Home Club

A matched savings program for first-time homebuyers that puts an affordable mortgage well within reach. Join the club today.

When you open a dedicated Amalgamated Bank savings account with a Loan Officer, you’ll be eligible to receive down payment and closing cost assistance that grants $4 in matching funds for every $1 you save (up to $7,500).

First Home First Priority Program

  • Up to ½% rate discounts on our First-Time Homebuyer adjustable-rate or fixed-rate mortgages
  • Available only to qualified first-time homebuyers whose income is at or below 80% of the Median Family Income by county, as established by the Federal Financial Institutions Examination Council (FFIEC), and to buyers of any income who purchase homes in low- or moderate-income locations, as established by the FFIEC
  • Eligible for single-family homes, 2- to 4-unit properties, condos and co-ops

Enjoy unique features:

  • Low 5% down payment, all of which can come from a gift or a grant
  • Seller can pay up to 3% of closing costs

Two ways you may qualify for our First Home First Priority Program1:

  1. Your new home is located in one of the counties below, and your household income is at or below the amount listed2.
  2. County/Area


    Max. Household Income







    New York






    Nassau, NY



    Westchester, NY



    Montgomery, MD



    Prince George's, MD



    Alameda, CA



    Contra Costa, CA



    Marin, CA



    San Francisco, CA



    San Mateo, CA




  3. Your new home is located in a low- or moderate-income area within the counties above. Your household income can be any amount.

To see if you qualify for our First Home First Priority Program, call us at 800-662-0860.

1 Mortgage Insurance is required and will increase the cost of the loan and monthly payment.

2 Data is accurate as of October 22, 2018.

First-Time Homebuyer programs are available only to qualified first-time homebuyers. Income, geographic and other restrictions and limitations apply. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. All loan applications are subject to credit and property approval, collateral verification, and Amalgamated Bank’s terms and conditions. This is not a commitment to lend.

© 2018 Amalgamated Bank. All rights reserved. Equal Housing Lender. Amalgamated Bank NMLS ID# 898791