Community Contributor Mortgage
More than ever before, we appreciate the service that our first responders, healthcare professionals, and teachers are providing to each and every community across the country. As a special thank you to them, we offer the Community Contributor Loan* to:
- Law enforcement officers
- Military members (both active and veterans)
- Civil service workers
- Healthcare and emergency medical professionals
What are the benefits?
- As low as 3% down payment
- NO private mortgage insurance (PMI).*
Private Mortgage Insurance, or PMI,** is a monthly fee to homeowners who do not possess at least 20% equity in their home (you have paid in at least 20% of the house value). However, we waive this fee entirely, saving years of monthly payments and thousands of dollars.
**Valid only on single family, 1-4 story condo and townhome unit owner-occupied properties. Maximum 97% LTV for condo as well; all loans require escrow for property taxes, homeowners insurance, and flood insurance, if applicable. All loans subject to approval.
*Membership eligibility required. Underwriting requirements apply (Valid only on single family owner occupied property). For more information, email firstname.lastname@example.org. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.