Eligibility Requirements
You may qualify for our First-Time Homebuyer Program if you are a first-time homebuyer and are purchasing a home intended to be a primary residence.
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YOUR JOURNEY STARTS HERE
First-Time Homebuyer Program
- As low as 3% down payment
- Programs available with or without monthly mortgage premiums
- Down payment and closing cost assistance available
Welcome to Homeownership
Programs Designed to Keep Costs Low
Programs to minimize your out-of-pocket costs, both monthly and at closing.
Flexible Credit Requirements
Less-than-stellar credit? Lenient credit requirements designed to make first-time homebuying more accessible.
Trusted Partner
Buying a home is easier when you have a trusted partner by your side every step of the way.
Programs for First-Time Homebuyers
World-class service, programs designed to keep your costs low, and local knowledgeable loan officers.
Low down payments
As little as 3% down payment.
No monthly premiums
Programs available with no monthly mortgage premiums.
Local partner
Known and trusted in your community for nearly 200 years.
FHA loans
Government-backed mortgages insured by the Federal Housing Administration.
First-Time Homebuyer Mortgage Process
Our process makes it easy to get started, no matter what stage you are in your homebuying journey.
Get pre-qualified
Estimate how much you can borrow.
Get pre-approved
Start making offers with a pre-approval.
Apply now
Apply when you find the right mortgage for you.
Still have questions?
Our loan officers are here to help answer your questions.
Did You Know?
There may be other first-time homebuyer assistance that can be used in combination with your WSFS mortgage. A mortgage specialist will help you determine what is available in your area.
FAQs
Who is eligible for the First-Time Homebuyer Program?
The First-Time Homebuyer Program is open to anyone who is a first-time homebuyer and is purchasing a home intended to be a primary residence.
What is the difference between the First-Time Homebuyer Program and a regular mortgage loan?
The First-Time Homebuyer Program mortgage is specifically designed to help first-time homebuyers achieve their dreams of homeownership. It has more lenient credit requirements, lower down payment options and access to special programs such as closing cost assistance.
Should I rent or should I buy a home?
Purchasing a home is one of the most important financial decisions you can make in your lifetime. With rent costs rising, it may be a good time to consider purchasing a home to begin building equity. Our mortgage specialists can help you determine how much home you can afford and estimate your monthly mortgage payments with the First-Time Homebuyer Program.
Meet the WSFS Mortgage Team
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Questions?
We’re here to help. Complete the form below to be contacted by a member of the WSFS Mortgage team.
