Affordable Housing
We are proud to offer multiple mortgage programs designed to help make home a reality for low-income families. A loan officer can talk with you about your goals and help explain the different options available.
Affordable Loan Programs and Grants
HomeReady
- It’s for you if:
A low down payment mortgage product designed for creditworthy low- to moderate-income borrowers.
- Features:
- Low down payment with up to 97% LTV financing for home purchase
- Rental and boarder income may be considered for qualifying
- Household income must meet certain guidelines.
HomeStart or NAHI Grants
- It’s for you if:
Qualifying first-time homebuyers. Not available in all markets.
- Features:
- Up to $15,000 Home$tart or $25,000 NAHI grant
- Grant Funds are dispersed quarterly and are subject to availability
- Borrower(s) must complete a homebuyer class
- Income limits apply
Home Possible
- It’s for you if:
Borrowers desiring a low down payment solution with flexible sources of funds.
- Features:
- Low down payment with up to 97% LTV financing for home purchase.
- Down payment can come from a variety of sources, including family, employer-assistance programs, secondary financing, and sweat equity.
Other Programs
FHA Loan
- It’s for you if:
You have less established credit or want lower down payment options.
- Features:
- Partially insured by the Federal Housing Administration
- Low down payment options
- Higher debt-to-income ratio (DTI) is allowed
VA Loan
- It’s for you if:
You are a qualifying veteran.
- Features:
- Partially insured by the US Department of Veterans Affairs
- Special program for active and veteran members of the military
- Offers relaxed qualifying guidelines and low down payment options
USDA Loan
- It’s for you if:
Purchasing property is located in an eligible rural area.
- Features:
- Low or no down payment options.
- Household income must meet certain guidelines.
Let's get started. We can help you navigate the home buying process, step by step.