Community Mortgage Plan

For most people, homeownership is a dream. Unfortunately, this dream can seem out of reach to those who do not meet traditional credit requirements or for whom high downpayment terms are simply out of the question. That's where Park Bank's Community Mortgage Plan comes in.* Featuring a low down payment, flexible loan terms, and no Private Mortgage Insurance (PMI), our Community Mortgage Plan is just the solution to help make your dreams come true. Features of the Park Bank Community Mortgage Plan:

• Low down payment from borrower's own funds required
• Closing costs can be gifted or from a verified grant
• Down payment can be borrowed from a 401k or retirement plan (subject to terms of plan)
• NO PMI!
• Flexible in-house loan guidelines
• Housing debt ratio at 33% overall debt ration at 40% allowed**
• Cash reserves not required
• Various balloon loan terms available
• For purchase or construction of single family homes or condominiums
• Not just for first time buyers
• Local loan servicing

Community Mortgage Plan Income Limits by Family Size for Dane County

Family Size	Income Limit	Family Size	Income Limit
1	$51,200	5	$79,000
2	$58,500	6	$84,900
3	$65,900	7	$90,900
4	$73,200	8	$96,700

To find out if you qualify for a Community Mortgage Plan loan from Park Bank, contact a lender.

Apply now!

*Subject to credit approval.

**Monthly mortgage payments can be up to 33% of monthly income and total monthly debt payments can be up to 40% of monthly income.