Home Sweet Home
The Mortgage Program Tailored for First-Time Home Buyers
Do you dream of owning your own home, but worry about finding a mortgage you can afford?
Burke & Herbert Bank's "Home Sweet Home" mortgage program is tailored specifically to first-time home buyers, and allows for a broad range of incomes, savings levels and more.
Low Down Payments
• Down payments of just 3% and financing up to 97% on many homes
• Flexible sources of funds allowed for down payments, too!
Build Home Equity and Save
"Home Sweet Home" borrowers may not have to bear the cost of additional private mortgage insurance once they achieve at least 20% equity in their homes. This can result in significant savings.*
Choice of Fixed Rates, Variable Rates, and Terms
Burke & Herbert Bank offers a wide range of rates and terms on all our mortgage products.
FHA Loans and VA Loans
We also offer mortgages backed by the Federal Housing Administration (FHA), which can feature low down payments of just 3.5%, and mortgages backed by the Veterans Administration (VA), which can feature down payments of 0% for qualified members of the military and veterans.
Down Payment Assistance Programs
We participate in several down payment assistance programs. Let us help you find the best program for your needs:
- First-Time Home Buyers
Burke & Herbert Bank offers access to up to $5,000 in funds that can be used for down payment assistance or toward closing costs when buying a new home. Find out more.
- Active-duty Military, Veterans and National Guard Reservists
Thousands in down payment assistance is available for U.S. Military, Veterans and National Guard Reservists and their spouses or surviving spouses. Learn more.
- Service Sector Employees
Up to $7,500 in matching funds is available for qualified borrowers (current or retired law enforcement officers, firefighters, educators and more). Learn more.
- Virginia Housing Developent Authority (VHDA) Programs
As a VHDA-approved lender, we provide access to VHDA's full range of mortgages and grant programs for first-time and repeat home buyers. Learn more.
We're a neighborhood bank with deep roots in our communities, knowledge of local real estate markets, and the know-how to help you make smarter home financing decisions. We've helped thousands of customers buy their first homes, and we're here to help you, too!
* Qualifications apply for the release of Private Mortgage Insurance. Elimination of Private Mortgage Insurance premiums does not guarantee lower monthly payments for a home. Monthly payments may also include property taxes, home owners insurance and other costs.
The information on this web page is for informational purposes only and is not a commitment to lend. Programs offered, rates and terms are subject to change without notice. All loans are subject to underwriting approval.