0% down, no PMI, only $500 required at closing
Community Homeownership Incentive Program (CHIP) loans puts the dream of homeownership within your reach. CHIP loans from BB&T have many attractive features to help borrowers along the path to owning their own home.
Benefits
CHIP loans offer home buyers the following benefits:
- Up to 100% financing on the majority of allowed property types
- First-time home buyers and previous homeowners eligible
- Private mortgage insurance waived
Recommended For
A CHIP loan may be right for you if you:
- Are unsure about qualifying income
- Are concerned about funding a large down payment
- Lack of credit history
Certain restrictions apply, program offered to buyers who meet qualification requirements. If buyer elects to only pay $500 at closing, remaining closing cost and prepaid amounts will be paid from the seller proceeds and rolled into the home's purchase price. Call a Briggs sales agent for details. Most buyers who qualify for a home loan will qualify for this money saving program.
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