Sometimes coming up with a 20% down payment can be difficult if not impossible. There are options when it comes time to purchasing a home. Let First Neighbor Bank help you with a mortgage option that will get you into your home with a lower down payment.
Want to buy a home, but don’t have enough money for a down payment? First Neighbor Bank N.A. can help you get the home you want with a loan financed up to 100% of the home's value. Financed through the Rural Development Program. Income eligibility applies. Property must be in located in eligible area.
You have served your country well. Now, let us serve you by helping you into your own home with a VA loan. The Veterans Administration loan is available for qualified veterans, reservists, and active duty personnel. (U.S. Department of Veterans Affairs)
First Neighbor Bank can help you with an FHA mortgage loan. It is a government loan backed by the Federal Housing Administration and is designed with your needs in mind. It is a great solution for first-time home buyers or anyone who needs a little help qualifying for a loan.
The Downpayment Plus program offers individual down payment assistance. Forgivable grants, up to $6,000 in 2020, are given to assist with down payment and closing costs. Qualifying income levels apply and grants are forgivable after receiver owns the property for a period of five years. This is a federally backed program. Funds are on a first come, first served basis and will available until funding is exhausted for the year.
If you do not meet the requirements of the low down payment option loans, please talk to us about a conventional loan available through First Neighbor Bank.
If you have a question or would like one of our loan professionals to talk to you personally, please fill out the information below. You will be contacted in one business day.
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