If you are a first time homeowner or have not owned a home in the last three years and the maximum selling price of the home is $70,000 or less, Marquette's Hometown Mortgage Program could be your answer. You may qualify. Read the information below to determine if your situation is right for our “Hometown Mortgage Program".
Single Family homes require 3% of the sales price or the appraised value of the home whichever is less. Owner-occupied two family homes requires 5% of the sales price or the appraised value of the home whichever is less.
The current year Housing & Urban Development (HUD) adjusted income levels for low and moderate income families in the applicable county (verified by Marquette Underwriting)
Stable and sustainable source of income (verified by Marquette Underwriting.)
Maximum contribution is 3% of property value.