Down payment assistance up to $3,600 is available. You may be eligible for the down payment assistance if you qualify based upon income level and by purchasing a property to be used as your primary residence in a low or moderate income census tract.25% origination fee (of loan amount) and application fee. Fifth Third Community Mortgage includes a. Borrower must contribute at least $500 of own funds. Homebuyer education is required by at least one qualifying borrower. 97% Loan to Value (LTV)/105% Combined Loan to Value (CLTV). Adjustable Rate Mortgages (ARMs) are ineligible. Available for 30-year fixed mortgage only. To be eligible for the Fifth Third Community Mortgage, the property must be a one-unit, primary residence, in one of the following eligible states: FL, GA, IL, IN, NC, OH, SC, TN, WV, KY, MI and the borrower's gross annual qualifying income is at or below 80% area median income (AMI).After the initial fixed term of the ARM period, it is possible that the borrower’s payment may increase substantially over the remaining term of the loan.Terms and conditions are subject to change. This discount will be shown at the time of your loan application and will be applied at closing based on final mortgage amount. Your loan’s interest rate will depend on the specific characteristics of your loan transaction and your credit profile up to the time of closing.īill Payer Credit: Receive one-half (.50) discount point if you participate in our automatic payment program which can be used to lower your interest rate. Mortgage rates can change throughout the day, are updated daily and are based on a variety of assumptions and conditions which include a consumer credit score which may be higher or lower than your individual credit score. Single family, primary residence valued at $250,000.While actual loan terms may be different as prepaid finance charges and closing costs vary by location, the APR listed are based on a conforming loan type and the following assumptions: Rates are accurate at the time the rate search is performed or when rates are requested. Get an official Loan Estimate before choosing a loan. * Your actual rate, payment, and costs could be higher. Financial Insights About Us Customer Service Online Banking Login Branch & ATM Locator Search.Additional Sources of Capital for Small Businesses.
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