Customers Bank offers an Affordable Mortgage option to qualified homebuyers who are unable to make a larger down payment. With competitive rates, a lower down payment and no requirement for personal mortgage insurance, our Affordable Mortgage option can make buying a home a reality for many.
Features and Benefits
- Minimum credit score from 620 (95% financing) to 680 (100% financing)
- Minimum down payment of 0 to 5% based on credit score
- Maximum borrowing limit is $484,350
- Term of loan: 30-year fixed
- Loan-to-Value maximum is up to 100% based on credit score
- No private mortgage insurance (PMI) required on properties located in low-moderate income areas
- Competitive rates
- Free qualification
- Local decision making with fast approvals
- Friendly, federally licensed mortgage consultants
- Personalized service
- Available in: Bank Assessment Areas
Ready to get started? Contact one of our mortgage professionals who will help find the right loan for you.