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LMI Products

New Penn Financial is pleased to announce a new product suite offering for creditworthy, low-to-moderate income borrowers in certain geographic locations.

New Penn Financial is pleased to announce a new product suite offering for creditworthy, low-to-moderate income borrowers in certain geographic locations.

The programs are Conventional LMI, HomeReady LMI and HomePossible LMI and are limited to first-time homebuyers who meet certain income requirements.

  • First-time Homebuyers
  • Primary residence purchase
  • Minimum 620 FICO  LTV’s up to 97%
  • Income cannot exceed 80% of FFIEC Estimated MSA/MD/non-MSA/MD Median Family Income
  • Limited to properties located in designated States/Counties
  • Homebuyer education required for Homeready and Homepossible LMI products

Please refer to the New Penn Financial LMI product profiles posted in the LMI Program Page for all specific details and requirements.