Equity Boost Benefits
For first-generation homebuyers and borrowers with modest incomes.*- Zero percent down payment.
- Closing costs can be financed into the loan.
- Can be combined with down payment assistance, if available.
- Borrower must contribute at least 1% of purchase price.
- Lower interest rate.
- Lower monthly payment.
- $2,000 towards a rainy day fund.
- No private mortgage insurance (PMI).
- Minimum credit score of 580.
- Income and purchase price limits apply.*
* Income limits: 80% of Area Median Income (AMI), OR 125% of AMI if borrower is a first-generation home buyer (200% in high-cost areas).
Let us help you build your emergency savings.
Read about our SAFE Home product, which is only available to approved Equity Boost home loan borrowers. Sooner or later, every homeowner is faced with home maintenance expenses. To help pay for those expenses, approved Equity Boost loan borrowers are eligible for a $2,000 contribution from Self-Help toward an emergency savings fund to help with homeownership expenses down the road.
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