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 homeownership. 


HomePride Loan

        Benefits of HomePride Loan:

  • Fixed-rate or 10/1 year adjustable rate
  • Up to 95% loan-to-value (LTV) financing
  • Down payment can be from a gift, down payment assistance program or borrowers own funds
  • No private mortgage insurance (PMI) requirement

Option for those who:

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HomeReady® Mortgage (Fannie Mae)

        Benefits of HomeReady Loan:

  • Affordable conventional financing with minimum down payment of 3%
  • Supports manufactured homes up to 95%
  • Combine loan-to-value of 105% with down payment assistance

Option for those who:

Fannie Mae's HomeReady Program

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HomeStyle® Renovation Mortgage (Fannie Mae)

        Benefits of HomeStyle 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 97% 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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