HomeRun Program
A smart option for low to moderate-income buyers with as little as 3% down.
The HomeRun Program is a special mortgage option available only in certain approved areas. If the property qualifies and it falls within a designated low to moderate-income area, there are no income limits for the borrower. Once the home meets the location requirements, eligible buyers can take advantage of flexible financing terms, low out-of-pocket costs, and no mortgage insurance.
The HomeRun Program is Good For:
The HomeRun Program is a great fit for buyers who do not currently own any other real estate at the time of closing. You do not need to be a first-time homebuyer. It’s ideal for those purchasing in an approved area who want lower monthly payments and a low down payment requirement.
HomeRun Program Details
The HomeRun Program allows for just 3 percent down, but only 1 percent must come from the borrower’s own funds. The rest can be covered through gifts, grants, or approved assistance programs. This makes it a strong option for buyers who have limited savings.
Eligibility is based on income limits for the area and may require completion of a homebuyer education course. These features are designed to ensure buyers are prepared for long-term success as homeowners.
Secure Your HomeRun Loan at One of Our Branches
Buying a home should feel achievable. With the HomeRun Program, it can be. Whether you’re purchasing your first home or refinancing into a better option, our team is here to guide you through the process. Talk to a loan officer today and find out if this program is the right fit for you.
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