| Home Loan Payment Relief (HLPR 30 Year Fixed) |
| |
| This option provides first-time homebuyers with a 30 year fixed rate mortgage priced .50% lower than our standard 30 year product. A small 5% down payment is required; however gifts and grants are permitted for the down payment and/or closing costs. The maximum household income to qualify for this product is $75,000. |
| |
|
- |
30-year term |
- |
Minimum loan amount $25,000; maximum loan amount varies |
- |
5% down payment requirement (gifts and grants allowed) |
- |
Reduced closing costs |
- |
The maximum household income to qualify for this product is $75,000 |
- |
Non-first time buyers eligible to apply (some restrictions apply) |
- |
Other terms and conditions may apply |
|
|
| |
| Home Loan Payment Relief (HLPR 3/1 ARM*) |
| |
| 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. |
| |
|
- |
30-year term |
- |
Minimum loan amount $25,000; maximum loan amount varies |
- |
5% down payment requirement (gifts and grants allowed) |
- |
Reduced closing costs |
- |
The maximum household income to qualify for this product is $75,000 |
- |
Non-first time buyers eligible to apply (some restrictions apply) |
|
|
| |
|
|
 |
|
 |
| * Adjustable Rate Mortgage |
|
|
|
