Buying your first home is a big milestone—and CBL State Saving Bank is here to make it easier.
Our First Time Home Buyer Program gives you the flexibility and savings you need to step confidently into homeownership. With lower rates, no origination or document prep fees, and flexible terms, this program is designed to help you keep more money in your pocket while securing the home you love. Start Strong with CBL.
Our First-Time Home Buyer Program eliminates costly CBL origination and prep fees while offering a 0.5% rate discount*—helping you save thousands over the life of your loan.
Eligible borrowers can finance up to 90% loan-to-value**, meaning a lower down payment requirement than traditional programs.
You can choose terms up to 30 years, giving you flexibility in monthly payments that fit your budget.
Yes—this program is specifically designed for individuals or families purchasing their very first home.
No. In fact, you’ll pay no CBL origination fee and no CBL document prep fee—that’s extra savings compared to traditional loans. Third-party fees will be required ((i.e., appraisal fee, attorney fees, credit and flood report fees, and other settlement fees), however, they will be clearly documented and provided to you during the loan process, ensuring there are no surprises.
No. CBL does not require Private Mortgage Insurance (PMI) on its loan products, even up to 90% loan-to-value**. That means lower monthly costs for you. In many cases, you can secure a 20-year loan at 90% loan-to-value** with the same monthly payment as a 30-year loan with PMI elsewhere—saving you thousands in interest over time.
CBL offers fixed-rate loans. Your interest rate and monthly payment will remain the same throughout the life of your loan, giving you peace of mind and predictable payments.
If CBL “portfolios” your loans, that means CBL keeps your loan instead of selling it to a third party. You’ll always make your payments directly to CBL and can reach out to your local office if you have questions.
Yes. All CBL portfolio loan decisions are made right here by our executive team. You won’t wait on an out-of-state approval—your request is reviewed by people in your own community.
No surprises.
No hassle.
No corporate runaround. Your loan stays here, serviced by a bank that knows your name—not a call center in another state. Our fixed-rate portfolio loans provide financial peace of mind, and with no prepayment penalties, you have the freedom to build equity faster on your terms. Whether you’re just starting to explore homeownership or ready to make an offer, we’re here to guide you home—with honest answers and a local team that cares. Start Strong with CBL.
Loan requirements:
- Must be for a primary residence and used for single-family detached, condominium, townhouse or modular homes. (Manufactured housing, mobile homes and a-typical homes are not eligible.)
- Borrower’s total monthly payments (home loan, auto loan, credit card payments, etc.) should not be more than 40% of the borrower’s gross monthly income.
- Borrower must provide proof of employment and income (Income sources include full- and part-time salary, bonuses and commissions, social security, retirement, pension, alimony, child support) and other financial documentation.
- A minimum of 10% to 20% must come directly from the buyer or may come from a gift with documentation required. Percentage is determined on loan product selected.
- All loans are subject to credit approval.
