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NOTICE: WSFS Bank will be closed on Wednesday, November 11, 2026, in observance of the holiday.

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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
Get Pre-Qualified Questions?
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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.

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No monthly premiums

Programs available with no monthly mortgage premiums.

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Local partner

Known and trusted in your community for nearly 200 years.

FHA Loans

Government-backed mortgages insured by the Federal Housing Administration.

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Grants

Up to $5,000 in WSFS grants, no repayment necessary.[1][2]

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-Qualified

Get pre-approved

Start making offers with a pre-approval.

Contact Us

Apply now

Apply when you find the right mortgage for you.

Apply Now

Still have questions?

Our loan officers are here to help answer your questions.

Contact Us

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.

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

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.

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.

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.

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Disclosures

1 Home must be either (1) a primary residence located in a low- or moderate-income census tract and the total household income cannot exceed 100% of the Area Median Income (AMI), as published by HUD; or (2) purchased by a borrower with household income not to exceed 80% AMI, as published by HUD. Grants support borrowers who need additional funds to cover down payment or closing costs; closing cost assistance can only be used if needed to qualify for the loan. Grants are available to qualified applicants who meet the program eligibility requirements, subject to the availability of funds.

2 1099-MISC will be issued to borrower on awarded funds. WSFS Bank will leverage other down payment and/or closing costs Grant programs prior to deployment (or use) of WSFS Grant Funds. WSFS Grant funds awarded while funds last for the award program year. Loan program is subject to change. Offer subject to credit approval.

Ask your WSFS Mortgage Loan Officer for more details. This is not a commitment to lend. Borrowers must meet underwriting guidelines and are subject to credit review and approval. To qualify for assistance, prospective borrowers must adhere to the program’s geographic, income and purchase price guidelines.

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