With rates hitting all-time lows it’s an ideal market for first-time buyers. How about a little more incentive? I want to highlight a fantastic loan program geared specifically toward first-time homebuyers: BB&T’s CHIP Loan.
I’m currently working with Kim Richards at BB&T-Fort Henry Drive on our 2nd and 3rd CHIP Loan. It truly is a fantastic loan for first-time buyers or buyers with little or no down payment. I’ll highlight a few specifications and requirements but for more detailed information regarding county income limitations check out the worksheet provided below, as well as www.bbt.com
100% financing (no down payment) with no PMI is available with a 680 credit score and income under $ 40,160 in Sullivan Co., TN (see attached worksheet for income limitations in surrounding counties).
97% financing (3% down payment) with no PMI is available with a 620 credit score and income under $60,240 in Sullivan Co., TN (again, see attached worksheet for income limitations in surrounding counties).
Seth Jervis - Signature Properties 