Conventional 97 First-Time Buyer Program

 

Our Conventional 97 First-Time Buyer Program helps more families achieve the

Download in printable format here.

homeownership milestone with a 3% down payment, regardless of income

levels or geographic location. 

 

KEY FEATURES

SOLUTION FOR DOWN PAYMENT CHALLENGES
  • Minimum down payment: 3%
BROAD ACCESS
  • No geographic restrictions or income limits 
 HOMEOWNERSHIP
  • Education required
PROPERTY ELIGIBILITY
  • Primary Single Unit Residences (including condos)
 
FINE PRINT & ELIGIBILITY
  • At least one borrower must be a 1st time homebuyer (no ownership in last 3 years)
  • Borrowers may not have any ownership in any other residential property at time of closing 
  • Non-owner occupant co-borrowers not permitted
  • Certificate required when all borrowers are first-time buyers, at least one borrower must complete the course

Eligibility requirements, exclusions and other terms and conditions apply.

Have questions? Contact us today at 732.626.9827 or fill out the form below.