Have you considered a Home Possible/Home Ready loan?
Down payment options as low as 3% for qualifying income levels and underserved communities. Down payments are one of the biggest factors to why homebuyers do not think they can own a home. SouthPoint Bank is proud to offer Freddie Mac’s Home Possible© and Fannie Mae’s HomeReady©, responsible, affordable offerings that will help low- and moderate-income borrowers purchase their home with little money down. Talk to a SouthPoint loan officer about which offering is best for you!
- No income limits in certain areas
- Conventional loan for creditworthy homebuyers with low down payments
- Up to 97% LTV
- Flexible sources of down payments
- Available for qualifying low- to moderate-income homebuyers or buyers in high-cost or underserved communities
- Does not have to be a first time home buyer