Neighborhood Loan Program

Neighborhood Loan Program

Neighborhood Loan Program

A new home might be closer than you think. If you are looking for a new home within an eligible income area, or if you have a low to moderate household income, we may have options to help turn your dreams into a reality. Our Neighborhood Loan program is a flexible solution to align with your financial goals.


Neighborhood Loan Program
Neighborhood Loan Program Benefits

Neighborhood Loan Program Benefits*:

  • $0 Down
  • No PMI
  • Low Rates
  • No borrower income limits in specific areas
  • Centier will pay the underwriting and processing fees

This Program Applies to*:

  • Homes in eligible income areas (see list of eligible counties below)
  • Borrowers within specific income areas (see list of eligible counties below)
  • Conventional and XB Loans

Loan Features*:

  • Max loan amount of $225,000
  • 80% LTV for 1st Mortgage, 20% LTV for 2nd Mortgage
  • 30-year fixed 1st Mortgage
  • 7, 10, 15 or 20-year fixed 2nd Mortgage

Disclosures

*Offer valid for homes in low to moderate census tracts in Allen, Boone, Elkhart, Hamilton, Hendricks, Jasper, Johnson, Lake, LaPorte, Marion, Marshall, Newton, Porter, St Joseph, and Tippecanoe counties. Subject to credit approval. Property insurance required. Valid for Neighborhood Loan Programs only. Offer subject to change without notice. $225,000 maximum loan amount on first mortgage.

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