Affordable Home Loans
Build your home on a solid foundation.
Affordable Home Loans
Build your home on a solid foundation.
At NDBT, whether it’s purchasing your first home or accessing your home’s equity, our mortgage lenders will provide the support and guidance to help you achieve your goal.
Our Affordable Home Loan Options
HomeStart
A special mortgage program available from NDBT designed to lower barriers to homeownership for low and moderate income wage earners.¹ Loans for up to 97% of the value of your home with no private mortgage insurance (PMI) or prepayment penalties. Escrow account required.
Community Home Equity Loan
Designed for low and moderate income wage earners¹ enabling them to borrow against the equity in their home, this product is an excellent source of financing for home repairs, remodeling and other personal expenses – with the added benefit of potential tax deductibility of interest paid on the loan². Home equity loans up to $100,000 can be secured by the equity in your primary residence –$50,000 if you have an existing mortgage that you choose not to refinance into the new home equity loan. Features also include no private mortgage insurance (PMI) or prepayment penalties.
All loans are subject to credit and underwriting approval. Some fees and restrictions may apply or other terms and conditions may apply.
1As defined by the U.S Housing and Urban Development “HUD.”
2Always consult your tax professional for additional information
