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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 homeownership goals.


Neighborhood Loan Program
Neighborhood Loan Program

Neighborhood Loan Program*:

  • $0 Down
  • No Private Mortgage Insurance
  • Competitive Rates
  • Centier Bank will pay the underwriting and processing fees

This Program Applies to:

  • Homes in eligible income areas
  • Borrowers within specific income areas
  • Conventional and Extended Builder Loans

Neighborhood Loan Features*:

  • Maximum first mortgage loan amount of $180,000
  • Maximum second mortgage loan amount of $45,000
  • 80% Loan to Value for 1st Mortgage, 20% Loan to Value for 2nd Mortgage

Neighborhood Loan Plus Features**:

  • Max loan amount of $250,000
  • 100% Loan to Value for 1st Mortgage
  • No Private Mortgage Insurance

Disclosures

*Offer valid in Allen, Boone, Elkhart, Hamilton, Hendricks, Howard, Jasper, Johnson, Lake, LaPorte, Marion, Marshall, Newton, Porter, St. Joseph, & Tippecanoe counties. Contact a Centier Bank Mortgage Loan Officer to verify whether a home is in a eligible income area. Subject to credit approval. Property insurance required. Valid for Neighborhood Loan Programs only. Offer subject to change without notice. $180,000 maximum loan amount for first mortgage. $45,000 maximum loan amount for second mortgage

**Offer valid in Allen, Boone, Elkhart, Hamilton, Hendricks, Howard, Jasper, Johnson, Lake, LaPorte, Marion, Marshall, Newton, Porter, St. Joseph, & Tippecanoe counties. Contact a Centier Bank Mortgage Loan Officer to verify whether a home is in a eligible income area. Subject to credit approval. Property insurance required. Valid for Neighborhood Loan Programs only. Offer subject to change without notice. $250,000 maximum loan amount. Borrowers may also qualify for this program if not in a Low/ Moderate Census tract; as long as borrow income qualifies at 80% or 50% of Median income for the area of subject property. If the home is located in a low or moderate income census tract the tract income level will determine product/pricing regardless of borrower actual income level.

Centier Bank NMLS # 408076

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