First Time Home Buyer – CHAMP Loan

What is a First Time Home Buyer CHAMP loan?

First Financial Bank’s Community Housing Affordable Mortgage Program (CHAMP)provides aggressive loan-to-value options for one and two unit properties.

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Benefits of a First Time Home Buyer CHAMP Loan

* Underwriting flexibilities

* No Private Mortgage Insurance (680 or higher credit score)

* More flexible credit options and use of gift funds

* 5% Down payment

* Down payment assistance programs allowed

FHA vs. CHAMP

FHA vs champ