**This program is available to borrowers meeting income requirements in select census tracts within AL, AZ, CA, DC, GA, IL, MA, MS, MI, MN, NC, NJ, NY, PA, VA, TN and TX. *Payment example: Stated rate may change or may not be available at time of rate lock. If you bought a $250,000 home with a 30 year loan at a fixed rate of 7.5% (7.571% Annual Percentage Rate), with a down payment of 3%, for a loan amount of $242,500, you would make 360 monthly payments of $1,696.00. Payment stated does not include mortgage insurance, taxes and homeowners insurance, which will result in a higher payment.