BUY A HOME

Jumbo Mortgages

Big house, big loan. Jumbo loans let you finance homes above $806,500.

Features

· Fixed and adjustable rate options
· Available for single-family and condominium primary residences, as well as second homes

Construction Loans

Buying land, building or re-building a house, renovating or adding to your home? It’s all covered with a construction loan.

Features

• An experienced team of construction loan professionals
• Competitive fixed and ARM rates with zero points
• Single closing for construction and permanent financing
• Interest-only payments during the construction period
• Inspections and disbursements handled quickly and in-house

FHA Mortgage

The federally insured, low down payment option. Government-backed FHA loans help eligible homebuyers purchase a single-family home with as little as 3.5% down.

Features

• Less than 20% down payment
• Fixed-rate loans that fully amortize over their term

TruBlue

Breathe easier with the TruBlue mortgage option, requiring no PMI¹ and only 5% down.

Features

• Local decision-making and quick closings
• Only 5% down² and no PMI
• $500 down payment supplemented by a gift or grant
• Pre-approval available with Lock & Shop program
• Available for first-time and repeat homebuyers in Bank’s primary lending area³

TruBlue has expanded guidelines for Attleboro, Brockton and Taunton, including lower minimum down payment of 3% and qualifying income of up to 100% of area median income.

MassHousing Mortgage

The low-PMI¹, low down payment option and the most successful state housing program in the nation. Bluestone Bank also offers the MassHousing Down Payment Assistance Program (DPA), which allows qualified first-time homebuyers to finance up to 100% of the price of a single-family home or condo.⁴

Features

• Fixed rate option
• Low down payment option
• Low PMI premiums with job loss insurance

VA Mortgage

The fixed-rate, low- or no-down payment loan for veterans. VA mortgages recognize your service and help realize your dream of home ownership.

Features

• Fixed-rate loans that fully amortize over their term
• No minimum down payment

USDA Mortgage

The zero-down option. Take advantage of fixed-rate loans guaranteed by the federal government with no minimum down payment when you buy a home in a USDA-eligible town and meet this program’s maximum income guidelines.

Features

• Fixed-rate loans that fully amortize over their term
• No minimum down payment required
• Contact us for a list of USDA-eligible towns

Lock & Shop Program

You invest a lot of time and effort into finding the perfect home. Our Lock & Shop Program takes some of the stress out of the process and puts you in the best competitive position by getting you pre-approved.

Guard Against Rising Rates
Worried about rising interest rates? Get the peace of mind that comes with pre-approval. Our Lock & Shop Program lets you lock in a rate and shop for a home at your own pace, knowing you’re fully pre-approved.

Boost Your Competitiveness
Whether you’re up against a hot market or sellers seeking pre-approval before considering an offer, Bluestone Bank can help. We’ll underwrite your credit, employment, income, and assets and issue a Home Buyer Certificate to verify your borrowing ability.

Save Your Way Home Account

A place to save for down payment and closing costs on your dream home and the personalized support to make sure you get there—that’s the Save Your Way Home account. 

Whether you’re saving up money from family gifts or monthly direct deposits from work,
the Save Your Way Home account offers 3.30% APY⁵ on balances between $1,000 and $100,000.

Plus, you’ll benefit from a free pre-approval from Bluestone Bank⁶, monthly progress reviews with one of our expert Mortgage Loan Officers, and a $250 closing cost credit⁷!

Down Payment Assistance Programs

Equity Builder

Available through the Federal Home Loan Bank (FHLB), the Equity Builder Program (EBP) serves income-eligible homebuyers with grants of up to $32,099 for down payment and closing costs. Bluestone Bank supplements EBP grants with a $400¹ closing cost credit for eligible recipients. Grant funds are limited and awarded on a first-come, first-served basis. EBP grants are forgivable after five years, subject to conditions. Offered in Massachusetts, Rhode Island, and New Hampshire. 

Housing Our Workforce (HOW)

Also available through the FHLB, the HOW grant program provides up to $25,000 in assistance to homebuyers whose incomes exceed the EBP grant level. Grant funds are limited and awarded on a first-come, first-served basis. HOW grants are forgivable after five years, subject to conditions. Offered in Massachusetts, Rhode Island, and New Hampshire.

Lift Up Homeownership

Lift Up Homeownership awards grants of up to $40,000 to first-generation homebuyers with incomes up to 120% of the area median income who are purchasing their first home to help them with downpayments and closing costs. Beginning in 2026, eligibility for the Lift Up Homeownership program will be exclusively for first-generation homebuyers, subject to self-certification.

MassHousing Down Payment Assistance (DPA)

MassHousing’s Down Payment Assistance (DPA) programs provide funds of as much as $30,000 through a 2^nd mortgage in connection with a MassHousing 1^st mortgage and allow qualified first-time homebuyers to finance up to 97% of the purchase price of the home. Eligibility for DPA is subject to income and acquisition cost limits, and repayment terms vary, with the balance due and payable on the sale of the home or payoff or refinance of the 1^st mortgage. Offered in Massachusetts.