Buy with as little as $500 Down
BB&T’s Community Homeownership Incentive Program, better known as CHIP, is one of the best alternatives to FHA financing available on the market today.
In short, CHIP offers qualifying home buyers up to 100 percent financing with no private mortgage insurance. The lack of private mortgage insurance means that the monthly payments on a CHIP loan are often lower than those on competing FHA loans.
Here is a quick rundown of specifics and eligibility qualifications for CHIP
For more information about the Community Home-ownership Incentive Program in the DC area, contact Wesley Howard at 202-600-8963 or 301-251-1221.
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