The Power Purchase Program
PRM believes the benefits of homeownership shouldn’t be for the wealthy few. That’s why we’re bringing the dream within your reach with our Power Purchase Program. This new option makes conventional financing a possibility for those without access to a traditionally-sized down payment.
Basic Program Requirements and Terms:
- 2% grant never needs to be repaid!
- Excludes Washington properties
- Minimum credit score of 620 required
- Not limited to first time homebuyers
- Normal closing costs and prepaid items apply
- Single family and manufactured properties acceptable
- Minimum 1% down payment of borrower’s own funds required
- Income limits apply
If you know someone who may benefit from this low-down, potentially money-saving solution, don’t hesitate to contact us today. A qualified, experienced mortgage banker can help them determine whether this program is a good fit. We’re here to help!
Click HERE to learn more about the Power Purchase Program!
Credit Score, Power Purchase, Single family
Categories: PRM Blog