This type of loan can help if you need money for a down payment or closing costs. The information below outlines the highlights of the different products we offer through our offices. For more assistance with Region's limited down payment programs, contact a
location near you.
Definition: Allows you to keep your money in the bank and have less out of your pocket for closing cost and down payment.
Terms: 30 years
Loan-to-Value: Loan-to-value refers to the ratio of the mortgage loan's principal to the property's appraised value or its sales price, whichever is lower. With a limited down payment loan, the maximum LTV is 97%, which means less money out of your pocket. Gift funds are allowed.
Loan Amount Limits: For maximum amounts, contact your local office.
Sample First Time Homebuyers Payment Schedule
| Amortization Term: |
30 years |
| Loan Amount: |
$100,000.00 |
| Loan to Value %: |
80% |
| Interest Rate: |
5.875% |
| APR: |
6.075% |
| Monthly Payment |
$591.54 for 360 months |
Learn more about Interest-Only Mortgage Payments, Mortgage Settlement Statements, and ARM Loans.
For more information please locate a Regions Mortgage Loan Originator or give us a call at 1-877-536-3286.
This is a sample payment schedule, provided in accordance with Regulation Z, Truth-In-Lending, section 226.24(c)(2)(ii)&(iii). Loan specific disclosures will be provided upon application.
Subject to Credit Approval