First-Time Homebuyer Program

If you’ve been considering taking the next step toward owning a home, the Salem Seaport Credit Union First-Time Homebuyer Program can help you get there—even if you don’t think you have the down payment you need for a traditional loan. We know that buying a new home can be both exciting and intimidating, so we’ll guide you through every step of the process. Our First-Time Homebuyer Program is designed to:

  • Help families with low to moderate incomes enjoy the benefits of becoming homeowners
  • Offer below-market rates with no closing costs, special down-payment considerations and flexible underwriting guidelines

The program is offered to first-time homebuyers only and for the purchase of a one- to three-family, owner-occupied home. Certain restrictions apply.

Stop by our Lafayette Street office (across from Salem State University) today to find out if you are eligible. For additional information, call us at 978.744.1153 or email us at