First-Time Homebuyer Program[1]

  • As low as 3% down payment
  • Programs available with or without monthly mortgage premiums
  • Down payment and closing cost assistance available
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Welcome to Homeownership

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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.
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Up to $10,000 in WSFS grants, no repayment necessary.[1][2]
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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.
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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.

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.


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.
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Meet the WSFS Mortgage Team

Other Products That May be Right for You

Check out these related products.
Receive up to $10,000 in down payment assistance and/or closing costs – no repayment required.
Mortgage programs available in all 50 states for primary residences, vacation homes and investment properties.
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We’re here to help. Complete the form below to be contacted by a member of the WSFS Mortgage team.