Home Financial Corp


MyCommunity Mortgage

You’ve found the right mortgage program to make your dream of homeownership a reality, so what are you waiting for?

Buying a new home is a big financial step, even for the most experienced homebuyer. Homebuyer education courses help prepare you for homeownership, shop for a new home and learn how good credit can work for you. In addition, educating yourself about homeownership helps you understand responsibilities such as insurance, taxes and home maintenance.

If you’re a first-time homebuyer looking to purchase a home through the MyCommunityMortgage program, you will need to participate in a homebuyer education program. Once you complete the course, you will receive a certificate plus valuable knowledge that will put you on the path to homeownership.

First-time homebuyers are classified as individuals who have not owned a primary residence within the last three years.

Low Rates for Jumbo Loans

Jumbo fixed or adjustable financing offers maximum flexibility for large loans. Ranging from $417,001 - $2 million, discover the benefits of offering larger loans at lower rates.

  • Competitive rates
  • $2 million loan limit
  • Finance up to 80% of your home's value
  • 30 and 15 year fixed rate and adjustable-rate options with five, seven, or ten year initial fixed rate
  • Purchase, rate/term, and cash-out options for primary residences
  • Second home purchase and rate/term financing available

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Refinancing with FHA Streamline Loan

If you currently have a Federal Housing Administration (FHA) mortgage, you may be eligible for one of the simplest money-saving refinances available today. The FHA Streamline Refinance allows existing FHA borrowers to reduce their interest rate without having to jump through hoops.

  • Lower monthly principal and interest payments
  • No verification of income
  • Option to refinance without an appraisal
  • Subordinate financing may remain in place
  • Eligible transactions: Adjustable-Rate Mortgage (ARM) to ARM, ARM to fixed, fixed to ARM, fixed to fixed

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Home Affordable Refinance Program

The Home Affordable Refinance Program (HARP) is designed to help homeowners who do not normally qualify under traditional financing programs by allowing them to refinance even if their mortgage amount is greater than their home's value. All refinanced loans must have been sold to Fannie/Freddie prior to June 1, 2009.

  • 125% LTV limit
  • Reduced requirements - stated income
  • Low and no minimum credit score options

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All-in-one Convenience - LPMI

Lender Paid Mortgage Insurance (LPMI), a one-loan alternative to borrower paid mortgage insurance for borrowers with less than a 20% down payment. Borrowers enjoy the convenience of one mortgage, one low payment and low closing costs while maximizing their mortgage interest deduction.

  • One loan transaction - saves on time and origination expenses
  • One low monthly payment
  • LPMI is tax deductible when built into the loan interest rate

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* Programs available only to qualified borrowers. Programs subject to change without notice.
* Properties with 1-2 Units are only Eligible.