bbt chip loan program: BB&T's 100% Financing, No PMI "CHIP" Loan - 05/09/09 11:32 AM
Since the mortgage crisis started in the Spring of 2008, 100% financing loan programs have become few and far between.  Here are a few details of a relatively new program that BB&T is offering, it seems like a great program for qualifying buyers.
The program is called Community Homeownership Incentive Program or "CHIP" for short.  Qualifying buyers can get up to 100% financing (NO MONEY DOWN) with NO PMI (Private Mortgage Insurance). 
 
Loan amounts up to $417,000.00 Maximum income limits:   97% financing - $66,500.00, 100% financing - $53,200.00 household income.  No income limits in HUD designated underserved areas. HUD designated underserved areas can be … (16 comments)

 
Cheryl Powell, ABR,SFR,Broker-Concord & Charlotte NC Area Realtor (RE/MAX Executive Realty - The Powell Team) Rainmaker large

Cheryl Powell

ABR,SFR,Broker-Concord & Charlotte NC Area Realtor

Concord, NC

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RE/MAX Executive Realty - The Powell Team

Address: 7752 Gateway Lane, Suite 204, Concord, NC , 28027

Mobile: (704) 363-8902

Office: (704) 979-7028

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I provide professional real estate services to Buyers and Sellers in Greater Charlotte NC, including Concord, Harrisburg, Kannapolis, Mooresville, North Charlotte, Salisbury and surrounding areas. My specialties include: Resale Homes - New Construction - Relocation - 1st Time Buyer Programs - Investments - Foreclosures - Short Sales. I have the experience, knowledge and dedication that it takes to get the best results. Contact me anytime to discuss your real estate needs! ActiveRain Real Estate Social Network


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