First Time Homebuyers 30 Year Amortization!

Effective August 1st, 2024, First Time Homebuyers purchasing New Construction properties are able to qualify on a 30 year amortization! This Insured offering is an exciting opportunity for First Time Homebuyers looking to alleviate the pressures of affordability.

A First Time Homebuyer is defined by meeting one of the following criteria:

• The borrower has never purchased a home before; OR

• In the last 4 years, the borrower has not occupied a home as a principal place of residence that either they themselves or their current spouse or common-law partner owned; OR

• The borrower recently experienced the breakdown of a marriage or common-law partnership.