Key Community Mortgage®
Affordable mortgages put homeownership in reach.
A Key Community Mortgage can help make your dream of owning a home a reality. This program lets you take advantage of low down payment options, making qualifying easier than you might think.
Income and location based1
|Loan to Value (LTV)|| |
Up to 100% on purchases. Up to 90% on rate-and-term refinances
|Down Payment|| |
0% on purchases2
|Private Mortgage Insurance (PMI)|| |
- Up to 4% seller contribution allowed, and can be used for closing costs or prepaid items
- No minimum loan amount
- Available for one to two unit owner-occupied properties including single-family, attached or detached, condos and planned unit developments
- A HUD-approved, pre-purchase homebuyer education workshop or relevant landlord counseling may be required before closing
We'll walk you through your options. With your rates, terms and benefits in hand, you'll have everything you need to take the next step.
Property must be located in a KeyBank Assessment Area. No income limitations if property is located in low or moderate income census tracts. For all other census tracts, income must be less than 80% of the Federal Financial Institutions Examination Council (FFIEC) Estimated MSA/MD Median Family Income. Completion of a HUD-approved prepurchase homebuyer education workshop may be required prior to closing. Landlord counseling may be required prior to closing on all two-unit transactions. Borrowers are not permitted to own any other real estate at the time of closing.
Applies to 1-unit property. 2-unit properties require a 5% down payment.
NOTICE: This is not a commitment to lend or extend credit. Conditions and restrictions may apply. Information and offers are subject to change without notice. All loans are subject to credit and collateral approval. Not all loans or products are available in all states.