This is the most common type of retail mortgage offered by Customers Bank. It is not guaranteed or insured by a government agency and is ideal for buying a home, refinancing or for purchasing a second home or investment property. With a lower down payment and good credit rating, a conventional mortgage from Customers Bank can be structured with either a fixed or adjustable rate over a 30-year term.
Features and Benefits
- Minimum credit score of 620
- Minimum down payment of 3.0%
- Maximum borrowing limit from $453,100 (single unit) up to $871,450 (four unit)
- Loan-to-Value maximum is 97%
- No private mortgage insurance (PMI) required with 20% or more down payment
- Free qualification and personalized service
- Competitive rates (fixed or adjustable)
- Local decision making with fast approvals
- Friendly, federally licensed mortgage consultants
- Available in: PA, NY, NJ, CT, DC, DE, MA, RI and VA
Ready to get started? Contact one of our mortgage professionals who will help find the right loan for you.