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IMPORTANT INFORMATION: Welcome to the new online experience for NVE Bank, A Division of Ion Bank. As part of our system transition, some banking services will be temporarily unavailable during the weekend of March 20–23. View important dates and transition details.

iMortgage First Time Homebuyer Programs

iMortgage – up to .375% off on conventional Fixed Rate

Available for purchase of 1-4 family, owner-occupied homes, planned units and condominiums* in towns located in the following CT regions and NJ counties.

  • As little as 3% down[1]
  • Mortgage rate discounted up to .125% on conventional fixed rate[2]
  • Mortgage rate discounted up to .25% on conventional fixed rate[3]

Additional requirements:

  • Must have Auto-Payment from NVE Bank, A Division of Ion Bank personal checking account
  • Homebuyer Education required

*Subject to project approval

[1] All loans are subject to credit and underwriting approval.  Additional terms and conditions apply, ask your loan officer for details.
[2] Subject property must be located in the following CT regions and NJ counties.
[3] Subject property must be located in a Low-to-Moderate Income Census Tract in bank’s assessment areas.

iMortgage Plus – .50% off on conventional Fixed Rate

Available for purchase of 1-4 family, owner-occupied homes, planned units and condominiums* located in the following CT towns of Ansonia, Bristol, East Hartford, Hartford, Manchester, Meriden, New Britain, New Haven and Waterbury and NJ boroughs and cities of Bergenfield, Cliffside Park, Clifton, Dover, Elmwood Park, Englewood, Fairview, Garfield, Hackensack, Lodi, Morristown, Mount Olive, Passaic, Paterson, Prospect Park, Wharton, and Woodland Park.

  • As little as 3% down[1]
  • Mortgage rate discounted up to .25% on conventional fixed rate[3]
  • Mortgage rate discounted additional .25% with AMI at or below 80%[4]

Additional requirements:

  • Must have Auto-Payment from NVE Bank, A Division of Ion Bank personal checking account
  • Homebuyer Education required
  • Maximum loan amount $500,000No Private Mortgage Insurance

*Subject to project approval

[1] All loans are subject to credit and underwriting approval.  Additional terms and conditions apply, ask your loan officer for details.
[2] Subject property must be located in the following CT regions and NJ counties.
[3] Rate reflects subject property in low-to-moderate census tract in NVE Bank, A Division of Ion Bank’s assessment areas.
[4] The United States Department of Housing and Urban Development (HUD) calculates Area Median Income (AMI) for each geographic region in the country by using data from the U.S. Census-based American Community Survey. A household’s income is calculated by its gross income, which is the total income received before taxes and other payroll deductions.

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