First Time Home Buyer
Looking for your first house? We will help you through the purchase process and be there for you after you have made your new house a home!
- Maximum Loan Amount is $90,000
- Interest Rate Will Be Discounted .25% From Our Current Rates
- Loan Origination Fee Will Be Discounted by 1% From Current Offerings
- Loans With Down Payments Under 20% Will Be Required to Have Private Mortgage Insurance
General Guidelines for Eligibility
- Charleroi Federal has defined a first time home buyer as anyone who has not owned a home for the past three years from time of application.
- The program is limited to the purchase of existing single family homes to be occupied and maintained as a primary residence.
- The program is limited to the purchase of existing single family homes to be occupied and maintained as a primary residence.
- Applicant's income must fall below HUD estimated most recent median family income for metropolitan and non-metropolitan portions within our MSA area.
- Credit ratings must be in line with the Charleroi Federal Savings Bank and private mortgage insurance guidelines.
- Two years on the job or related industry employment.
