Homestart
A Susquehanna Bank custom program designed with the
First-Time Homebuyer in mind (income restrictions apply).
- Low down-payment financing
- Seller assistance allowed
- Grants/Gifts allowed
- No minimum credit score for qualified borrowers
- Satisfactory alternative credit history may be used
- No Private Mortgage Insurance required
- Competitive rates with up to 30 year terms
Conventional Fixed-Rate Mortgages
- Variety of products and terms
- Fixed monthly payments for life of mortgage
- Low down payment programs available
Adjustable-Rate Mortgages (ARMs)
- Lower initial interest rate than fixed-rate loans
- Interest rate periodically adjusts with changing market rates - typically no more
than 2% per adjustment period
- Variety of adjustment periods
FHA Mortgages
- Low down payments — minimal cash needed
- Fixed-rate & adjustable-rate options
VA Mortgages
- Fixed-rate mortgages for qualified veterans or reservist
- Seller permitted to pay all closing costs
- No down payment required
- Easy credit & income qualifications
- No monthly mortgage insurance requirement
Jumbo Mortgages
- Loan amounts greater than conventional limit of $417,000 to purchase high-end homes
- Amounts as high as $2 million
- Fixed-rate & adjustable-rate options
- Variety of products and terms
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