Affordable Housing Loan Program


Affordable Housing Loan

Tired of paying rent to a landlord each month? Turn your rent payments into equity in your own home and start building your financial future. We have competitive rates and a loan program to accommodate low income borrowers.

As a community bank, we are dedicated to providing opportunities for all of our neighbors to reach their dream of home ownership.

  • Maximum Loan Amount is $200,000.
  • Interest rate will stay fixed for seven (7) years and will adjust annually thereafter
  • Rate may not adjust lower than the initial rate for the life of loan (floor).
  • Loans may not be assumed.
  • No prepayment penalty.
  • Escrow will be required.
  • Additional requirements regarding amortization, down payment and household income.

Terms subject to change. Certain terms and conditions apply to these loans. All loans are subject to qualification. All loan approvals are based on credit worthiness and our underwriting standards.

Call, visit, or email mortgage@hibernia.bank for more information.