Our Affordable Mortgage Option

Our Believable Banking Home Mortgage is an affordable mortgage option designed to make buying a home with low income or in an underserved neighborhood a reality. We also provide refinancing that can help you lower your interest rate, reduce your monthly mortgage payments or adjust your loan term. The Believable Banking Home Mortgage has a unique structure and flexible underwriting guidelines that are essential in our effort to empower people to overcome some of the challenges in mortgage qualification. You may be able to qualify for a mortgage, even with low credit.

Affordable Mortgage Program

Some of the features of our Believable Banking Home Mortgage include:

• Up to 100% loan-to-value (LTV)
• Flexible credit requirements
• No mortgage insurance requirement
• Most down payment assistance programs allowed
• Below-market interest rates
• Available for primary residence, single family residences (SFR), two-to-four unit multi-family properties, and condominiums
• Available in select low-to-moderate income and major-minority census tracts

Start Your Application

Follow the instructions below to verify if a property qualifies:

1. Go to FFIEC.Gov
2. Enter the address in the Address field
3. Click Census Demographic Data
4. If the Tract Income Level is Very Low, Low or Moderate, the property qualifies
5. If the Tract Income Level is Upper or Middle, the Tract Minority % must be greater than 50% for the property to qualify

To Qualify, The Borrower Must:

• Attend homeownership counseling
• Deposit 1% of initial loan amount into a Emergency Reserve Fund. In addition, monthly deposits will be made into fund equal to .0055 of loan balance (ex. 100,000 x .0055 = $45.83 per month)
• Contribute minimum of $1,000 from own funds. May be applied to down payment or closing costs and is in addition to initial contribution to Emergency Reserve Fund* 

Let's Get Started

Affordable Mortgage Refinancing Program

Some of the features of our Believable Banking Home Mortgage refinancing program include:

• Available for rate/term refinances
• Term modifications are available on a case by case basis
• Below-market interest rates
• No mortgage insurance requirements
• Up to 100% loan-to-value (LTV)

Apply For Refinancing