If you’ve had credit problems in the past, we have a program that may help you make homeownership a part of your future. The Solutions program uses common sense guidelines to help more people get the financing they need to become homeowners, even if they don’t fit the usual credit standards.
Everyone runs into financial obstacles at some point, and sometimes those challenges can have an adverse effect on credit. That shouldn’t force you to give up on buying a home, or to take on a loan with terms that could make your financial situation worse. The Solutions program gives you the power to choose a loan type that fits your goals, and the flexibility to refinance at a better rate after the first year.
The Pathways program offers flexible credit requirements for people who don’t have enough savings for a down payment. You can put down as little as $500, with the rest of the 3% down payment coming from gifts, grants, or secondary financing.*
The program also requires no private mortgage insurance (PMI) payments, and features expanded qualifying ratios for people with low-to-moderate incomes.
FHA mortgages, which are insured by the Federal Housing Administration, make homeownership possible for people who might not qualify for conventional mortgage programs. They offer:
- Flexible approval requirements for people who have less-than-perfect credit or lack a traditional credit history
- Low down payment and closing costs, with the option to use gift money for 100% of the down payment
- Expanded qualifying ratios for people with low-to-moderate incomes
Terms and conditions apply. Some programs may not be available in all states. State restrictions and limitations may apply. Contact your loan representative for complete details.
*For example a $150,000 loan amount after a 3% down payment and 2 points paid (equal to $3000) for a term of 30 years at 6.75% (6.916% APR) would result in 360 monthly principal and interest payments of $935.50. Rate is for example purposes only, and is subject to change without notice. Fees and charges apply. Taxes and insurance are extra. Restrictions may apply. Contact your loan representative for complete details.
| Loan Program | How It Works | Why Consider It |
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| Solutions | Offers expanded approval requirements to accommodate your credit situation. Available with a variety of loan types and features. |
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| Pathways | Combines flexible credit guidelines with a low down payment to make buying a home easier. |
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| FHA mortgage | A government loan designed to make homeownership more accessible to people with little money and imperfect credit. |
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