Luana Savings Bank Affordable Mortgage Products

First-time homebuyer program

For a new purchase if you have not owned within the last 3 years

• Only 3% down payment

• Potential for lower monthly payment than a fixed-rate option

• Fully amortized for up to 30 years

Low-to-moderate income home loans

Available for low-to-moderate income borrowers

• Only 3% down payment

• Income requirements must be met

• More flexible underwriting guidelines

• Grant option available

FHLB Homestart Down Payment Assistance Program 

For first-time homebuyers on a new home purchase if you have not owned within the last 3 years

• Up to $15,000 towards down payment or closing costs

• Income eligibility approved by FHLB