Let's Talk Homeownership!
We are excited to share some fantastic news for aspiring homeowners! The Artisans' Bank has launched the New Neighbor Program, specifically designed to support modest-income borrowers in their journey towards homeownership.
Our program focuses on making the financial aspects of owning a home more accessible and manageable for eligible participants. We understand that purchasing a home is one of the most significant investments many people will make, and our mission is to empower individuals and families with the tools and resources they need to succeed. Through the New Neighbor Program, we offer a range of benefits, including affordable down payment options and competitive interest rates. Our goal is to remove barriers and open doors to homeownership, allowing you to create your dream living space and build a brighter future.
If you're ready to take the first step towards owning your own home, we invite you to learn more about the New Neighbor Program and see how Artisans' Bank can assist you in making your dream a reality.
Program Features
- Settlement Assistance Grant of $5,000.00 (for eligible applicants)
- Interest Rate Reduction of 0.25%
-
Waiving of our $895.00 Origination Fee
New Neighbor Grant Guidelines
- There are no income limits for properties in targeted
census tracts designated for low to moderate income. - Owner-occupants are not permitted to own any other
real estate at the time of settlement. - Conventional financing is available for up to a 97%
loan-to-value (LTV). - FHA and VA financing options are also available.
- This loan program may be used in conjunction with the
FHLB’s First Front Door settlement assistance program. - A minimum credit score of 640 is required.
Community Lending Program
- The home purchase loan must be for a primary residence, specifically a 1-2 family home, located within the State of DE.
- Income limits may apply for loans in other census tracts, so please speak with a mortgage loan officer for these details.
- Owner-occupants are not permitted to own any other real estate at the time of settlement.
- Conventional financing is available for up to a 97% loan-to-value (LTV).
- FHA and VA financing options are also available.
- This loan program may be used in conjunction with the FHLB’s First Front Door settlement assistance program.
- A minimum credit score of 640 is required.
- Refinance transactions are eligible for pricing discounts, but these loans may not receive a cash grant.
DE Mortgage Program
For a full list of availability and for program guidelines
please visit https://www.destatehousing.com/mortgages/
please visit https://www.destatehousing.com/mortgages/
Terms & Conditions
Please speak with an Artisans' Bank Residential Lender for the complete Program guidelines and any additional terms or conditions that may apply.
- The Artisans’ Bank New Neighbor Programs are subject to Secondary-Market mortgage product guidelines.
- The New Neighbor Grant is a component of the Artisans’ Bank Community Homeownership Program, designed to assist with home purchases and loan refinancing, specifically in qualifying Low- and Moderate-Income (LMI) census tracts.
- Additional opportunities are also available for LMI applicants in other census tracts within the New Neighbor Program.
- The receipt of an Artisans’ Bank New Neighbor Grant or utilizing the Artisans’ Bank Community Lending Program may limit or preclude the availability of other mortgage discounts or programs and may be considered taxable income. Please ask us regarding the availability of the Artisans’ Bank New Neighbor Programs and consult with a tax advisor for the full scope.
- These products are subject to change at any time.
- Terms and conditions are subject to change without notice.
- Additional eligibility restrictions may apply.
- Offer of credit subject to credit approval.
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