- $0 Down Payment Options2
- Reduced Closing Costs
- No Cost Homebuyer Education and Access to Grant Programs3
- No Minimum FICO Credit Score Requirement4
- No Private Mortgage Insurance (PMI)
- Competitive Mortgage Rates
Empowering Modest-Income
Homebuyers
Our Home Opportunity Mortgage1 program is built to increase access to homebuying resources and lending solutions. This unique lending option empowers modest income homebuyers, or those purchasing in low- and moderate-income areas, on their homebuying journey by offering:
1Home Opportunity Mortgage Program (“Program”) is available for owner-occupied purchase or no cash out refinance of residential properties only; not available for rental or investment properties. Maximum income restrictions and/or property location requirements apply. 2Up to 100% Loan-to-Value loan options available; subject to property appraisal value, sales price and/or other underwriting criteria. 3Penn Community Bank will assist borrower with identifying grant program opportunities borrower may be eligible for, but is not a grant program administrator. Individual grant program eligibility requirements apply and may vary. 4There is no minimum FICO credit score requirement for program eligibility, but borrower must still meet satisfactory obligation repayment history and other underwriting requirements. Homebuyer education program participation may be required.
All home lending products are subject to credit and property review and approval. Various fixed and variable rate home loan terms and Annual Percentage Rate (APR) options are available and may vary for approved loans based on underwriting criteria. Property insurance is required. Additional terms and conditions may apply. Information accurate as of March 31, 2023 and subject to change. Ask for full details. Member FDIC and Equal Housing Lender
At Penn Community Bank, we know what it takes to build strong communities. Since our founding, we’ve been helping individuals and families achieve the dream of homeownership. Over 150 years later, it’s still our mission to ensure fair, affordable access to housing in our region—from Philadelphia to the Lehigh Valley, and everywhere in between. See how we can help you access the homebuying resources you need.