COMMUNITY LENDING PROGRAMS

Wachovia offers a number of ways for homebuyers with modest incomes and limited savings to turn the dream of home ownership into a reality.¹

These programs are generally easier to qualify for than a conventional mortgage, with:

• Less stringent credit guidelines and qualifying rules;
• No or low down payment;
• Possible assistance with closing costs.

Consider an Affordable Home Mortgage loan if you:

• Can obtain funds for a down payment;
• Need flexibility in the amount of your monthly payment to fit your budget;
• Want to avoid keeping a payment reserve in your bank account for closing costs;
• Want to avoid paying for mortgage insurance each month.

Consider a Neighborhood Development Mortgage loan if you:

• Would like to buy a home inside a low/moderate income area as determined by the U.S. Census;
• Need flexibility in the amount of your monthly payment to fit your monthly budget;
• Want more favorable interest rates;
• Have some funds saved for a down payment;
• Have funds saved for the first month’s mortgage payment.

Consider a Community Partnership Mortgage loan if you:

• Have limited funds saved for a down payment;
• May need to finance the entire amount required for purchase;
• Are willing to receive financial counseling and home ownership education.

Consider a Wachovia Custom Community Mortgage loan if you:

• Have limited funds saved for a down payment;
• Have funds saved for the first month’s mortgage payment;
• Are interested in stable monthly payments;
• Need a variety of loan terms and down payment options to choose from.

Wachovia will work one-on-one with you to help you determine which program suits your needs. If you can’t afford to make a down payment, you may be able to qualify for a 100% financing of the sales price². If you would like to view and compare all of our available mortgage programs we have a Mortgage Comparison Chart.

Mortgage loans are originated by Wachovia Mortgage, FSB, and are subject to credit approval, verification and collateral evaluation. Products are not available in all states and are subject to change without notice. Certain restrictions apply.

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