Take the First Step to Homeownership

M&T has options to help you buy your first home.

Owning a home can be easier than you think. 

Your home is much more than a place to live. It’s where you spend time with family and friends, and a space that’s uniquely yours. Making the transition from renting to owning a home may seem difficult, but with M&T, qualifying for a mortgage is easier and more affordable than ever.

With low downpayment mortgages, the option to finance most closing costs,  and experienced mortgage consultants, we can help you realize your dream of homeownership. Talk to one of M&T’s experienced mortgage consultants today to find out which mortgage program is right for you.

What to expect when buying your first home.

We're here to help you understand what's next so you can plan ahead and make the right choice for you. 

Explore the option of an M&T Home Starter Mortgage

  • Lower downpayment requirements and the ability to finance most of your closing costs
  • An affordable monthly payment with our competitive interest rates could mean a monthly payment lower than your current rent
  • Use "non-traditional" credit sources such as proof of timely rent payments, utility payments and others to compensate for the lack of credit history
  • A bi-weekly payment option could potentially save thousands of dollars in interest payments over the life of the loan
  • No borrower-paid mortgage insurance requirement

The Home Starter Mortgage is available in select counties in CT, DC, DE, NH, MA, ME, MD, NJ, NY, PA, WV, VA & VT.  There are no income limits in select areas. 

For additional information about M&T’s Home Starter Mortgage, contact your M&T mortgage professional at 1-800-936-0969.

Our commitment is to understand your unique situation, so we can help you through the homebuying process with confidence. Our Mortgage Experts are here to work with you during each step.  

Get started with one of our mortgage specialists by calling 1-800-936-0969.

Additional Resources

Feel at Home with M&T

"Our loan officer was knowledgeable, took time to explain everything, and was a pleasure to work with – he responded to emails and calls quickly, even on the weekend. Working with him made the process easy."

David J.
This information is being provided for informational purposes only and is neither a loan commitment nor a guarantee of any interest rate. If you choose to apply for a mortgage loan, you will need to complete our standard application. Our consideration for approval of your mortgage loan application will include verification of the information obtained in connection with your request, including but not limited to income, employment, asset, property value and/or credit information. Our loan programs are subject to change or discontinuation at any time without notice. Not all products are available in all states. Refinancing to reduce total monthly payments may lengthen repayment term or increase total interest expense. Interest rates are subject to change without notice.
According to statistics released by the U.S. Small Business Administration (SBA) for total approved loans through the SBA's 7(a) lending program during the federal fiscal year ending 9/30/2023.
Source: Coalition Greenwich 2022 Commercial Banking Program.