Looking to buy your first home?
Look no further than FNBT.

Take advantage of our 2020 First-Time Home Buyers Program

• Application fee waived
• Interest rates will be offered 1/4% below our current residential mortgage rates.
• Pre-authorized payment deductions will come from the borrowers’ FNBT Checking or Savings Account.
• Program runs through 12/31/2020, subject to availability

Borrower Qualifications

• Must be a first-time home buyer. Cannot own or have previously owned a home (investment or residential)
• Maximum gross yearly income of borrowers is based on the property’s location. Examples: In Allentown, Bethlehem and Easton PA MSA, the income limit is $64,160.00. In Monroe County, PA, the income limit is $63,040.00
• No mobile home mortgages
• Minimum of 3% down with Private Mortgage Insurance. Down payment and closing costs may be in the form of a gift. Borrowers and property must meet all MI requirements for PMI approval.
• Borrowers and property must meet all standard Freddie Mac guidelines and qualifying ratios.

Affordable 3/2 Housing Guidelines and Requirements 

3% Minimum Down Payment

Gifts must come from:

• A relative, defined as related by blood, marriage, adoption or legal guardianship
• A domestic partner or fiancé

Reserves: Per AUS Guidelines

Ratios: Not to exceed 45%

Credit:

• Nontraditional Credit - Max LTV 90%
  All loans must be manually underwritten by MI Company
• 3 sources of Nontraditional Credit are required
• 1 source must be from a housing expense (rent)