Welcome Home Loan Program
Opening the door to your new home just got easier. With this exclusive loan program you could get a mortgage with a minimum borrower contribution of $500, plus no private mortgage insurance!
Jefferson Bank is committed to making homeownership a reality for individuals and families in the communities we serve.
We're proud to offer our exclusive Welcome Home Loan Program designed to help home buyers overcome common hurdles to loan approvals, including low credit scores and large down payments. With outstanding features, including no mortgage insurance and a minimum borrower contribution of just $500, our Welcome Home loan is the perfect solution to get you into your new home.
Welcome Home Loan Program Highlights
LOAN DETAILS
- 30 year fixed rate loans
- Loans can be made up to 95% of property value
- No mortgage insurance
- Escrow account for taxes and homeowner's insurance required
- Available in Bexar County only
QUALIFICATIONS
- Credit scores as low as 600
- $500 minimum borrower contribution
- Down payment assistance or gift can be used for down payment*
- Borrower can not own another home at the time of funding
- Must meet all applicable underwriting criteria
Our team of experienced mortgage lenders is here to assist you throughout the process. They are dedicated to helping you reach your dreams of homeownership with a loan that meets your specific needs.
Notices & Disclosures
*Down payment assistance programs (DPA) vary and may restrict income to 80% or below Area Median income. DPA fund sources may be available for a limited time. Check with your lender to verify income restrictions and DPA funds availability to see if you qualify.