Turn your Dream into a Reality 

If saving 20% for a down payment seems like a fantasy, it’s time to wake up and check out Scient’s First Time Homebuyer options.  With as little as 3% down, home ownership can be your reality. 

Benefits of a Scient First Time Homebuyer loan

Lower Costs 

• 3% down payment vs. FHA loans at 3.5%
• No upfront mortgage insurance payment 
• Competitive rates
• Flexible terms and payment options
  • Including ARM loans

Faster Closing

• Less paperwork required than FHA Loans
• Fewer steps for more efficient processing time

Easy PMI Cancellation 

• Private mortgage insurance (PMI) is temporary compared to government-insured loans
• Private mortgage insurance may be canceled after building enough equity
   

Have questions?  Our Mortgage Manager, Faith Silva, is here to help.   Contact her at 860 441 0914.

*For a loan amount of $200,000 at 97% LTV with a 30 year term and rate of  6.50% has an APR  (Annual Percentage Rate) of 6.67%  and a monthly payment at $1,264.14. Sample payment only
includes principal and interest.  It does not include mortgage insurance, property insurance and taxes, and the payment will be higher than this disclosed amount.  Minimum credit score is 620. Primary residence only on a single family home or condominium only.  Rates as of 9/27/22 and subject to change without notice.  +Waiver of Loan Origination Fee of $499 on First Mortgages with Scient Federal Credit Union.  Other terms and conditions may apply.