Teachers Home Ready Mortgage
- Maximum loan amount: $647,200
- Purchase and Refinance
- One (1) unit principal residence, including eligible condos.
- 2-4 unit principal residence (no condos).
- 30 years - Fixed
* Borrowers household income and property must meet all Fannie Mae (FNMA) criteria.
* Prior to Closing, member must complete a Home Buyer Education Class and receive a certificate.
Rate Lock-Ins and Rate Buy-Downs Available
ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE.
Membership required, $1.00 minimum regular savings account is required at or prior to account opening.
Primary Residence and Second Home products are available, subject to specific terms in the following states: NY, AR, CA, CO, FL, GA, MA, MD, NC, NJ, OR, PA, SC, TN, WA. Investment properties in the aforementioned states available only as a first mortgage.