Good Neighbor
Additional requirements:
- No income limits
- Minimum credit score as low as 660
- First-time homebuyers are required to complete homebuyer education
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Disclosures
- No money down applies to 1- and 2-unit properties only. 100% financing involves a first mortgage lien at 89.9% and a second mortgage lien at 10.1%. 3- and 4-unit properties require 10.1% down. Borrower will be required to pay PMI (private mortgage insurance) if second mortgage is not utilized.
- Rate discount applies to first mortgage lien only. Second mortgage lien pricing is not discounted.
- Condos subject to project approval.
All loans are subject to credit and underwriting approval. Additional terms and conditions apply, ask your loan officer for details.