Citizens 100

Providing 100% financing of the purchase price of your home, this mortgage is specially designed for homebuyers who have limited cash but excellent credit.

Criteria:

• Purchase or Refinance
• 97.01% to 100% Loan to Value
• Must be 1-unit, owner occupied primary residence
• 3% of  Borrower funds required to pay closing cost and pre-paids - can be gifted from a related person
• 3% Selling financing concessions to pay discount points, pre-paids or closing costs
• No non-occupant co-borrowers
• 41% maximum debt to income ratio
• PMI Insurance required

Other Benefits:

• Stable Monthly Payments- With a fixed rate mortgage, your monthly principal and interest payments stay the same throughout the life of the loan, so you're protected against any unexpected rate increases.
• Frees Up Cash- Existing funds can be used for closing costs or other needs, rather than a down payment.

All loans subject to credit approval, verification, and collateral evaluation.  Initial decision is subject to you meeting specific underwriting requirements and final approval will be based upon your satisfying those requirements.

» Mortgage Qualifying Income Calculator