Owning a Home Gives You The Power to Plant Roots
- 1% Minimum borrower cash investment required, based on the appraised value or sales price, whichever is lower
- 2% Power Purchase SM contribution is in the form of a Gift, no repayment required
- Can exceed the 100% county limits in undeserved and high cost counties
- Not limited to first-time home-buyers.
- 30 Year fixed rate loan term
- Reduced or lender paid mortgage insurance
- Single family residences, condos, and town homes property types
- Power Purchase Plus Includes LPMI
- Income limits apply, certain designated geographic areas have no income limits