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Community Lending Program

Helping you Unlock the Door to your New Home

Our Community Lending Program^(1,2) is more than just financing; it’s about empowerment. This initiative aims to assist low-to-moderate income borrowers⁽³⁾ access the necessary resources while boosting your buying power and providing essential support throughout the home buying process. With affordable rates and dedicated support, we’re here to guide you step-by-step on the path to homeownership!

EXCLUSIVE LOW INTEREST RATES: Up to 2% lower than our 30 year fixed rate.⁽¹⁾
CREDIT SCORE FLEXIBILITY: 640 minimum credit score requirement.
LOW DOWN PAYMENT^(5,7): Minimum 3% down⁽⁵⁾ and NO Private Mortgage Insurance (PMI).⁽⁶⁾
ASSISTANCE OPTIONS: Use in conjunction with other closing costs and down payment assistance programs.⁽⁷⁾
EXPERT GUIDANCE: Homeownership counseling required to prepare you for home ownership.⁽⁴⁾

Get Started today

Our goal is to make the dream of owning a home accessible to more individuals and families in our community. For more information or to see if you qualify, please contact us today.

DISCLOSURES

(1) Community Lending Program Mortgages are available on 1st lien, 1-4 family owner occupied primary residence with a 30 year maximum term and $300,000 maximum loan amount. Annual Percentage Rate (APR) of 5.022% for 30 years with a monthly payment of $5.37 per $1,000 borrowed. Payments disclosed do not include taxes & insurance. Title and property insurance are required; flood insurance is required when applicable. Other closing costs may apply. The Community Lending Program rate is 2% lower than the current PSBT 30 year fixed mortgage rate of 7.00%, effective 12/9/2024. This rate reflects a 0.25% reduction for autodraft of payment from a Peoples Security Bank & Trust checking account. Subject to credit approval. Offer subject to change at any time without notice. (2) Maximum debt-to-income ratio is 45%. (3) Borrower’s household income may not exceed 80% of the county median income per household as recently published by HUD. (4) Online Home Buyer education course required through MGIC. (5) Finance up to 97% of the lower of the purchase price or appraised property value. (6) Lender paid PMI. (7) Minimum contribution of 1% for 1 unit owner-occupied properties. Down payment assistance in the form of Local or County Assistance Programs/Grants, Peoples Security Bank & Trust grants and loans may be combined with borrower funds to meet down payment and closing cost requirements.