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2010 Welcome Home Program is Now Closed for New Applications. We hope to have new fundings in 2011. Thank you for all your support. Patriot Bank Exclusive $200,000 in Down Payment Assistance Helping Buyers Finance Their Dreams! Maximum Income Limits (per county) Shelby/Fayette/Tipton $46,240 (1-2) / $53,176 (3+) Lauderdale $43,600 (1-2 person) / $50,140 (3+ person) A Grant fund of up to $5,000 is available for single family owner occupied households to be used towards down payment, closing costs, and homebuyer counseling. Grant is forgiven as long as homeowner does not sell or refinance the property within a five-year period of closing. The borrower may be required to repay a pro rata amount of the funds if the home is sold or refinanced during the first five years. Borrower must contribute $500 of their own funds toward down payment, closing costs, or earnest money in the transaction and complete a homebuyer counseling program that provides the lender with a completed homebuyer certificate. Welcome Home Funds will be used in conjunction with FHA/VA/USDA/Conventional loan programs. Call One of Patriot Bank’s Loan Officers For Additional Information and how to qualify today. Nora O’Hara / 901-840-1911 John Baertels / 901-872-8517 Terry Fiveash / 901-867-5297 Connie Jacobs / 901-867-5297 Seaton Ennis / 901-475-6680
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