Affordable Loan Options
Horizon Bank is dedicated to the home borrowing needs of all of its customers. If you're thinking about buying a home, our expert mortgage loan officers can tell you about the affordable housing assistance programs in which Horizon Bank participates. When combined with an eligible loan, these assistance programs can help qualified homebuyers achieve successful homeownship.
HomeStyle® Renovation Mortgage (Fannie Mae)
Benefits of HomeReady Loan:
Permits borrowers to include financing for home improvements in a purchase or refinance of existing home which means lower closing costs and typically a lower interest rate on a first mortgage
15- and 30- year Fixed-rate mortgage
One loan closing
Up to 95% loan-to-value owner occupied and up to 90% loan-to-value 2nd home (both single family residence)
Option for those who:
are in need of moderate repairs and renovations
have a credit score of 620+.
Fannie Mae's HomeStyle Renovation Program
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