Welcome Home First-time Homebuyer Program
For Borrowers with Household Income at or Below HUD Area Median Income
Welcome Home opens the door for first-time buyers with low-to-moderate income levels to purchase one-unit residential homes. We make it affordable for borrowers to buy and stay in their homes by reducing both monthly payments, and the down payment requirement.
Please note that homebuyer education is a requirement of this program.
Please select a
seminar date and location that's convenient to you.
Low Rates
Get a historically
low rate and the flexibility of an Adjustable Rate Mortgage (ARM).
Capped Interest Rate Adjustment
Rate caps of 1% per year and 5% for life of loan help keep the monthly mortgage payments low.
Low Down Payment Requirement - 97% Financing
Borrowers can purchase a home with very little money down, and a portion or all of the down payment can be in the form of gifts. We also allow up to 6% of the seller credit (based on the sale price) to be used towards closing costs and prepaid expenses.
It's easy to apply or get prequalified!
Connect with one of our Mortgage Specialists to learn more or get started.