| CFE’s First Time Home Buyer Program (HLPR 30 Year Fixed) |
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| This option provides first-time homebuyers with a 30 year fixed rate mortgage priced .25% lower than our standard 30 year product. |
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30-year term |
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Minimum loan amount $25,000; maximum loan amount varies |
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10% down payment requirement ** |
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Reduced closing costs |
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Non-first time buyers eligible to apply (some restrictions apply) |
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Other terms and conditions may apply |
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| CFE’s First Time Home Buyer Program (HLPR 3/1 ARM*) |
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| The HLPR Loan has an initial rate that’s 1% below the national average. After the first 3 years, the rate adjusts to the market rate and can adjust once each year thereafter. The annual rate adjustment will not exceed 1% per year and no more than 5% over the life of the loan. |
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30-year term |
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Minimum loan amount $25,000; maximum loan amount varies |
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20% down payment requirement ** |
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Reduced closing costs |
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Non-first time buyers eligible to apply (some restrictions apply) |
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Other terms and conditions may apply |
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* Adjustable Rate Mortgage
**Minimum 5% of borrower’s personal funds is required and must be part of the transaction; However gifts and grants are permitted as additional funds for down payment and/or closing costs. Household income restrictions apply.
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