Affordable Mortgage Program

AffordableHomeMortgageEligible borrowers have two financing options to choose from:

  • Independent Bank Community Affordable Mortgage provides borrowers with purchase money for a home at a 30-year fixed rate, and up to 97% loan to value. Loan to value is the mortgage amount as compared to the home’s value or purchase price, whichever is less. There would also be no up-front mortgage insurance premiums and no monthly mortgage insurance requirements.
  • Independent Bank Community Grant is a second financing option for customers that would be applied toward closing costs and up to $1,000 of the loan amount.

For questions, contact a Residential Loan Officer, visit a local branch, or call us at 800.285.3111.

Apply online today!