Affordable First Time Home Buying Program

Affordable First-Time Home Buying Program

We’re offering this affordable mortgage program to assist first-time homebuyers realize their dream of home ownership

Buying your first home is a big financial step and this program can help you achieve homeownership. It offers competitive rates, low down payment, and much more to assist low and moderate income first-time homebuyers.

Features and Benefits:
  • Affordable fixed rate loan
  • Low down payment
  • Appraisal fee refunded at Closing
  • Borrower paid single premium mortgage insurance; premium will be refunded at closing for qualified borrowers.
  • Available for owner occupied 1-4 family and residential condominiums

(Rates subject to change without notice.)

Rates as of April 27, 2017.

Affordable First Time
Home Buying Program

Product Description

Interest Rate


Payment Per $1000

Affordable First Time Home Buying Program

30 Year Fixed Rate





Rates quoted are for 1-2 family owner-occupied properties and qualified condominiums for purchases only. To be eligible, borrower must be a first time homebuyer with income less than 80% of area median income (AMI) or if the income is 80%-100% of AMI then the property must be located in a low to moderate income census tract area.  Other rates and terms are available and certain conditions and restrictions may apply. Call one of our Mortgage Loan Consultants or 800-939-9103 for further information.


Minimum down payment is 3%. Property insurance is required. Payments do not include taxes and insurance. The bank requires escrow of taxes, homeowners insurance and flood insurance, if applicable, which will make your payment higher. Private Mortgage Insurance (PMI) may be required depending on the loan to value of your specific loan. This PMI will be paid by the borrower as a single premium.  The Bank will credit the cost of the PMI back to the borrower at closing. Homeownership counseling is required. Borrowers must qualify under PMI and secondary market guidelines. Other restrictions may apply. Please note that the interest rates and fees shown here are subject to credit history, loan amount, loan-to-value and debt-to-income ratios. Actual rates may vary. Appraisal fee will be refunded as a credit when the loan closes. Annual Percentage Rate (APR) based on $100,000. For mortgages above $424,000, please call one of our Mortgage Loan Consultants for rates at 800-939-9103.