If you haven't owned a home in at least three years, you're considered a first-time homebuyer! Subject to income limits, you may receive a lower interest rate. CapCenter is committed to the American dream, making home ownership a possibility for everyone.
Lower interest rate
Qualifying applicants will receive a 0.125% lower interest rate. Combining this offer with CapCenter Realty services can lower you rate even more.
Lower down payment
Qualifying applicants are only required to make a 3% down payment against the purchase price.
Income qualification
Your household must make at or below 100% of the median income where you are buying a home. Area Median Income (AMI) is set by Fannie Mae and Freddie Mac. Click here to see if you are eligible.
Down payment considerations
If you can afford to pay more than a 3% down payment, there are advantages to doing so. Higher down payments will decrease your monthly payment by lowering your debt and potentially, your interest rate.
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