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First Time Home Buyers Program

Find your dream home. Watertown Savings Bank will help you get it.

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First Time Home Buyer Program



Watertown Savings Bank wants to support residents looking to invest in their first home. 

Take advantage of our great rate for first-time homebuyers. Receive a $550 discount on closing costs!
The advertised rate requires a:

  • 20% down payment
  • Credit score of 740 or higher
  • Set up an auto-payment from a Watertown Savings Bank checking account.

If you have less than 20% to put down, add .50% to the rate, and if your credit score is below 740, add .250% to the rate. You'll still have a competitive rate! Plus, you will also receive a $550 discount on closing costs.

In addition, Watertown Savings Bank partners with Waltham Alliance for Teaching Community Organizing & Housing (WATCH CDC); Housing Corporation of Arlington; and Metro West Collaborative Development (Metro West CD) to educate first-time home buyers. 

Learn more about all of WSB's mortgage options.


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