- 1st Time Buyers (6)
- First Federal News (11)
- Programs (7)
- Rates (9)
- Uncategorized (2)
- Wells Fargo News (2)
- 6. January 2012: Michiana Mortgage Rates for the week of January 4, 2012
- 6. October 2011: South Bend IN. Mortgage Rates for the week of October 4, 2011
- 19. April 2011: Update!! Homepath Buyers Incentive
- 19. April 2011: Fannie Mae Homepath Financing Program
- 5. April 2011: HUD approved Condominium lookup
- 24. January 2011: First Federal Savings Bank honors First Time Home Buyers!
- 20. January 2011: First Time Buyer Program: Community Homebuyers Corporation
- 24. August 2010: Mortgage Rates for the week of 8/17/2010
- 26. May 2010: Mortgage Rates for the week of 5/25/2010
- 19. May 2010: Mortgage Rates for the week of 5/19/2010
1st Time Buyer Program! Community Home Buyer’s Corp Community Development
| This is a fabulous program for First Time Home Buyers in South Bend, Indiana! Call or email for further details or to schedule an appointment. 574-329-9587 or Tim@TimVicsik.com (subject CHC Program). Community Home Buyers CorpThe mission of Community Homebuyers Corporation (CHC) is to provide affordable mortgage opportunities to first-time homebuyers, with low and moderate income, who wish to become residents of the City of South Bend. Owning a home is a goal of almost every person, but securing the appropriate financing can be difficult. With assistance from the Community Homebuyers Corporation (CHC) you or someone you know can move one step closer to owning a home.
The CHC provides mortgage loans for clients who are income eligible and may or may not be able to obtain conventional financing. The CHC does not require a down payment, and has competitive interest rates, easier qualifying ratios, and no requirement for PMI insurance. The 80/20 Loan is used by CHC as a program tool in the form of a grant. The 80/20 Loan Program is a special mortgage for applicants who are eligible based on income. A percentage of 5% - 20% of the purchase price is in the form of a forgivable second mortgage loan that you will not be obligated to pay back if certain criteria are met. Criterion includes a term of on-time consecutive payments on the first mortgage and attending post-purchase classes that cover home maintenance and personal finance topics. The CHC serves St. Joseph County; however, the Community Homebuyers Corporation 80/20 loan program is currently available for home purchase within the City limits of South Bend only, based on available funding. 243 homes were purchased through the CHC 80/20 Program in this ten year period. Information provided by CHC: Community Development | **Buy a Home** | **Buy a Condo** | |
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