Reduced Down Payments
Ignite helps you lower the upfront cost of buying a home.
FDIC-Insured — Backed by the full faith and credit of the U.S. Government
FDIC-Insured — Backed by the full faith and credit of the U.S. Government
Ignite Home Ownership, available exclusively from ANBTX Mortgage, makes owning your own sweet home easier and more affordable. We created it just for you and others in your neighborhood1. And, best of all, our experienced, local mortgage lenders are ready to help you every step of the way and customize the financing that works for you.
Ignite helps you lower the upfront cost of buying a home.
Ignite makes your monthly mortgage payments more affordable.
Forgiving credit requirements make it easier to qualify for your mortgage.
For a limited time2, you can choose either a reduced interest rate below ANBTX benchmark or you can apply for a forgivable grant up to $7,500 from ANBTX to pay closing costs3 and other pre-paid expenses. (Always consult a tax advisor for any potential tax implications.)
Feature | Ignite 100 | Ignite 97 | Traditional Loan |
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Up to $7,500 for closing costs OR Competitive rates below ANBTX Benchmark rate3 |
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Down Payment Amount | 0% | 3% (can be gifted) | 6-7%* |
Lower and Alternative Credit Requirements Accepted |
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Larger Financing Amount Available | Up to 100%** | Up to 97%*** | Up to 95% |
*This is the average down payment on a house for first-time home buyers, according to the National Association of Realtors. **For example, $330,000 borrowed and 360 monthly payments of $2,195.50 at 7.000% interest rate (7.299% annual percentage rate). The estimated payment does not include amounts for taxes and insurance premiums and the actual payment obligation will be greater. ***For example, $320,000 borrowed and 360 monthly payments of $2,129.00 at 7.000% interest rate (7.303% annual percentage rate). The estimated payment does not include amounts for taxes and insurance premiums and the actual payment obligation will be greater. | |||
