First Time Homebuyer Program
An alternative to FHA
Are you a first time home buyer looking for that perfect loan?
First time home buyers have options!
15/30 Mortgage Option
Our 15/30 Mortgage Option offers you the money-saving benefit of a shorter term and low fixed rate, with the convenience of a lower monthly payment.
- Low down payment of only 3% ( minimum representative credit score required)
- Lower monthly payment based on a longer amortization schedule
- Low, fixed rate with a shorter term mortgage
- No upfront Mortgage Insurance
- No points for origination fees
- No prepayment penalties
- Loan servicing stays with Achieva
All mortgage loans are subject to credit approval. Each loan product is subject to specific product qualifications/guidelines. Exclusions and limitations may apply. Subject to mortgage insurance approval, when applicable. Rates and/or program subject to change.