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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