| Community Homeownership Incentive Program (CHIP) |
| Benefits
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- Up to 97% financing available on the majority of allowed property types
- First time homebuyers and previous homeowners allowed
- Private mortgage insurance waived
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Property Types
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- Single family homes
- Townhomes
- Condos
- Doublewide manufactured homes on permanent foundations
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| May be right for you if... |
You want to own your own home, but are concerned about:
- Qualifying income*
- Having enough money for a large downpayment
- Lack of credit history
|
Maximum loan amount varies depending on property location and is subject to change without notice. Consult your BB&T mortgage loan officer for details.
*Income cannot exceed 80% of your county median income. Consult a BB&T Mortgage Loan Officer for details.
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