Hometown Mortgage Program
If you are a first-time home buyer 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."
- The price of the home is $70,000 or less
- Your Housing and Urban Development (HUD) adjusted income qualifies
If you meet these requirements, call a helpful Marquette mortgage loan professional nearest you at (814) 455-4481 or:
Single family owner-occupied homes require 3% of the sales price or the appraised value, whichever is less. Two family owner occupied-homes requires 5% of the sales price or the appraised value, whichever is less.
Maximum Selling Price
The current year Housing & Urban Development (HUD) adjusted income levels for low and moderate income families in the applicable county (verified by Marquette underwriting).
Source of Income
Stable and sustainable source of income (verified by Marquette underwriting).
Seller Contribution Limits
Maximum contribution is 3% of property value.