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.

 

 

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