From Browsing Listings to Holding Keys

You’ve been picturing it, searching for it, and dreaming about it. Now it’s time to make it yours. At Adirondack Trust, we help first-time buyers throughout the region turn house hunting into homeowning. With low down payments, local expertise, and genuine support every step of the way, that “For Sale” sign becomes a welcome mat faster than you think.

Your Home is Within Reach

Down Payment

Low Down Payment Options

Reach your homeowning dreams with as little as 3% down—and gift funds from family members are welcome to help you get the keys faster.

Seller Concessions

Take advantage of up to 3% in seller’s concessions to help with closing costs. More savings means more house.

Competitive

Competitive 10/1 ARM Product

Our adjustable-rate mortgage offers an attractive fixed rate for the first 10 years, perfect for savvy first-time buyers who want to take advantage of lower initial rates.

Local

Local, Personalized Service

Work directly with our experienced Mortgage Team that understand the local market and is committed to keeping your money in the community. You’re not just a number—you’re a neighbor.

Is this Mortgage Right for You?

If you’re a first-time homebuyer ready to plant roots in the region, this mortgage could be your path to ownership. We welcome applications from all qualified borrowers who meet our lending criteria.

Income Guidelines

To qualify, your household income should fall within HUD’s low- to moderate-income guidelines for our service area.

Mortgage Features

10/1 Adjustable Rate Mortgage (ARM) for First-Time Homebuyers

Our First-Time Homebuyer Mortgage features a 10/1 ARM structure, offering you:

✓ A competitive fixed interest rate for the first 10 years

✓ Predictable monthly payments during the initial fixed-rate period

✓ The flexibility of an adjustable rate thereafter

Requirements

✓ Minimum 3% down payment

✓ Private Mortgage Insurance (PMI) required

✓ Property insurance required

✓ Satisfactory credit history and debt-to-income ratio

Ready to Make it Yours?

Let’s turn that listing you’ve been watching into the address on your mail. Our Mortgage Experts are ready to walk you through every step—from pre-qualification to closing day and beyond.

Speak with an Expert

Learn More

The Cost of a Mortgage: A Comprehensive Guide

Making a Down Payment on a House

How Does Amortization Work?

Important Information

All loans are subject to application and approval. Property insurance is required. Adjustable Rate Mortgages (ARMs) are subject to rate changes after the loan has closed. The 10/1 ARM interest rate is subject to increase at the end of the 10-year fixed-rate period. Your interest rate may be adjusted annually thereafter and will be based on an index plus a margin. The interest rate will be based on the weekly average yield of the United States Treasury securities adjusted to a constant maturity of 1 year (your index), plus our margin.

Private Mortgage Insurance (PMI) is required for loans with less than 20% down payment. Seller concessions up to 3% may be available; closing costs may be rolled into the mortgage amount subject to loan-to-value requirements.

This mortgage product is available to qualified first-time homebuyers in eligible areas. Income limits apply based on household size and are established according to HUD guidelines for low- to moderate-income brackets in our service area.

Equal Housing Lender. Adirondack Trust Company is committed to providing equal access to credit for all creditworthy customers in compliance with all applicable fair lending laws and regulations.

For more information about our mortgage products or to discuss your specific situation, please contact our Mortgage Team at (518) 584-5844 or visit us at 473 Broadway, Saratoga Springs, NY 12866.