Key Community Mortgage®
Affordable mortgages put homeownership in reach.
A Key Community Mortgage can help make your dream of owning a home a reality. This program lets you take advantage of low down payment options, making qualifying easier than you might think.
Overview
| Purchaser Qualification | Income and location based1 |
|---|---|
| Loan to Value (LTV) |
Up to 100% on purchases. Up to 90% on rate/term refinances |
| Interest Rate |
Fixed |
| Down Payment | 0% on purchases2 |
| Private Mortgage Insurance (PMI) |
Not required |
Features
- Up to 4% seller contribution allowed, and can be used for closing costs or prepaid items
- No minimum loan amount
- Available for one to two unit owner-occupied properties including single-family, attached or detached, condos and planned unit developments
- A HUD-approved, pre-purchase homebuyer education workshop or relevant landlord counseling may be required before closing
Contact Us
We'll walk you through your options. With your rates, terms and benefits in hand, you'll have everything you need to take
the next step.
Property must be located in a KeyBank Assessment Area. No income limitations if property is located in low or moderate income census tracts. For all other census tracts, income must be less than 80% of the Federal Financial Institutions Examination Council (FFIEC) Estimated MSA/MD Median Family Income. Completion of a HUD-approved prepurchase homebuyer education workshop may be required prior to closing. Landlord counseling may be required prior to closing on all two-unit transactions. Borrowers are not permitted to own any other real estate at the time of closing.
Applies to 1-unit property. 2-unit properties require a 5% down payment.
NOTICE: This is not a commitment to lend or extend credit. Conditions and restrictions may apply. All home lending products, including mortgage, home equity loans and home equity lines of credit, are subject to credit and collateral approval. Not all home lending products are available in all states. Hazard insurance and, if applicable, flood insurance are required on collateral property. Actual rates, fees, and terms are based on those offered as of the date of application and are subject to change without notice. Mortgage and Home Equity Lending products offered by KeyBank are not FDIC insured or guaranteed.
NMLS# 399797. Equal Housing Lender.
