HomeReady 97%

This low down payment option is a game-changer1.

Your down payment funds may be limited, but you still want to build instant equity with the funds you have. APGFCU’s HomeReady 97%2 program will help put you on the path to homeownership.  

  • 3% down payment – Gifts, grants and community seconds are accepted
  • 1-unit primary residence, including condominiums, are eligible
  • Reduced mortgage insurance (MI) rates
  • 30-, 20-, 15- and 10-year fixed-rate terms are available, with reduced rates for qualified buyers3
Loans are available only on primary and secondary single-family residences or owner-occupied condominiums located in MD, DE, VA, PA, NJ and FL. Subject to credit approval.

1Down payment and closing cost assistance amount may be due upon sale, refinance, transfer, repayment of the loan, or if the senior mortgage is assumed during the term of the loan. Some programs require repayment with interest and borrowers should become fully informed prior to closing. Not all applicants will qualify. Minimum credit scores may apply. Sales price restrictions and income requirements may apply. Homebuyer education may be required. Owner-occupied properties only. Maximum loan amounts may apply.

2Income eligibility requirements apply. 

3Loan payment example: A HomeReady 97% (97% LTV) loan of $180,000 for 30 years at 5.174% fixed-rate APR will have a principal, interest and private mortgage insurance monthly payment of $1,019.97.
Payments do not include amounts for taxes and insurance premiums and the actual payment obligation will be greater.

Ready to get started? APPLY NOW.

To learn more about the HomeReady 97% loan, including eligibility requirements, call 888-LOAN-391 (888-562-6391) or complete this CONTACT US form to receive a call from an APGFCU Mortgage Consultant.