Don't let saving for homeownership discourage you. Flex Funds is designed to accelerate your progress and get you home faster.
Flex Funds can be used toward a down payment to reduce monthly mortgage payments or applied towards closing costs to ease the financial burden of securing your first home.
We understand the challenges of saving for a home. With Flex Funds, we're offering up to $4,000 to help you cross that finish line!
-Area median income limits apply
-Single family purchase transactions
-30 year fixed rate terms
-One borrower on transaction must be first-time-buyer
Offer available to borrowers who meet program qualifying
criteria: Must be Fannie Mae Home Ready loan; Household income
must be at or under 80% Area Medium Income (excluding
dependents); Minimum LTV 95%, Maximum LTV 97%; must have AUS
approval. Only available on purchase transactions.
First mortgage must be 30-year fixed rate term. Property must
be 1 unit owner occupied. Title may not be held in the name
of a trust.