Let's Talk Homeownership!
We are excited to share some fantastic news for aspiring homeowners! The Artisans' Bank has launched the New Neighbor Program, specifically designed to support modest-income borrowers in their journey towards homeownership.
Our program focuses on making the financial aspects of owning a home more accessible and manageable for eligible participants. We understand that purchasing a home is one of the most significant investments many people will make, and our mission is to empower individuals and families with the tools and resources they need to succeed. Through the New Neighbor Program, we offer a range of benefits, including affordable down payment options and competitive interest rates. Our goal is to remove barriers and open doors to homeownership, allowing you to create your dream living space and build a brighter future.
If you're ready to take the first step towards owning your own home, we invite you to learn more about the New Neighbor Program and see how Artisans' Bank can assist you in making your dream a reality.
Program Features
- Settlement Assistance Grant of $5,000.00
- Interest Rate Reduction of 0.25%
-
Waiving of our $895.00 Origination Fee
Program Guidelines
- The home purchase loan must be for a primary residence, specifically a 1-2 family home, located within the State of Delaware.
- There are no income limits for properties in targeted census tracts designated for low- to-moderate income.
- Income limits may apply for loans in other census tracts within the state, so it is advisable to speak with a loan officer for more details.
- Owner-occupants are not permitted to own any other real estate at the time of settlement.
- Conventional financing is available for up to 97% loan-to-value (LTV).
Additionally, FHA and VA financing options are also offered. - This loan program may be used in conjunction with the FHLB’s First Front Door or other settlement assistance programs.
- A minimum credit score of 640 is required.
- Refinance transactions are eligible for pricing discounts, but these do not include a cash grant.
Terms & Conditions
Please speak with an Artisans' Bank Residential Lender for the complete New Neighbor Program guidelines and any additional terms or conditions that may apply.
- The New Neighbor Program is subject to Low to Moderate Income mortgage product guidelines.
- It is part of the Artisans Bank Community Homeownership Program and is designed for purchasing homes and loans specifically in qualifying Low- and Moderate-Income (LMI) census tracts. It is available exclusively for LMI applicants.
- The use of the Artisans' Bank, Low to Moderate Income Grant and/or Special Purpose Credit Program may limit or preclude utilization of other discounts or programs and may be considered taxable income. Please consult with your tax advisor for full scope.
- Terms and conditions of this offer are subject to change without notice.
- Additional eligibility restrictions may apply.
- Offer of credit subject to credit approval
We can help you achieve home ownership!
Your success is our top priority, and we are dedicated to helping you every step of the way.