Government Loans and Affordable Housing Programs
Affordable Housing Programs & Products
|Type of Mortgage
||Key Features & Benefits
|Community Bank, N.A.
No Closing Cost Mortgage
- Great product for the first time home buyers and those with limited savings
- All qualified customers are eligible
- No mortgage related closing costs (certain restrictions apply)
- Click here for more details
|United States Department of Agriculture (USDA) Loans
- Zero down payment
- For owner occupied and single family homes
- Property must be in eligible area
- Up to 100% Loan To Value ratio
- Seller can contribute up to 6% of sales price to be used for closing costs and pre-paid interest and tax escrows
|Other Affordable Housing Programs
Community Bank, N.A. participates with and supports a number of other local affordable housing agencies in New York and Pennsylvania. Ask your local Community Bank branch for the organizations that we participate within your area.
In conjunction with these programs, borrowers may qualify for a Community Bank, N.A. Affordable Loan. This product requires no mortgage related closing costs to be paid by the borrower, and offers a rate of interest below the banks standard No Closing Cost Mortgage Loan product.
Other qualifications/restrictions may apply. Contact your local Community Bank branch for more details.