Home Buyer

Buying a New Home, Already Own

Power Purchase Program

• 1% Minimum borrower cash investment required, based on the appraised value or sales price, whichever is lower
• 2% Power Purchase contribution is in the form of a Grant, no repayment required
• Not limited to first-time homebuyers
• 30 Year fixed rate loan term
• Reduced mortgage insurance
• Power Purchase Plus Includes Lender Page Mortgage Insurance
• Single family residences, condos, and town home property types allowed
• Income limits apply, certain designated geographic areas have no income limits

620 Minimum Credit Score for All Borrowers