Community Opportunity Mortgage Program

Apply for up to 100% mortgage financing

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For more information and assistance, loan consultants are available Monday thru Friday, 7 am to 6 pm PT.
Please call us at 800-217-6629.

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Please call a mortgage loan specialist at 800-467-7860 from 10 am to 9 pm ET Monday thru Friday for assistance. If you have questions or need assistance, fill out the form below to receive a phone call.

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The Community Opportunity Mortgage is a program designed to help homebuyers get the funding they need to buy a home.

  • First-time homebuyers are eligible
  • Private Mortgage Insurance isn't required
  • Maximum income guidelines apply
  • Only $500 required from borrower on 100% LTV loans

The Community Opportunity Mortgage is available in the following states: Arizona, California, Colorado, Florida, Georgia, Hawaii, Kansas, Maryland, Missouri, North Carolina, Nebraska, New Mexico, Nevada, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin and West Virginia.

You must meet the following requirements to qualify for the Community Opportunity Mortgage:

  • Minimum 660 credit score for 100% loan-to-value ratio
  • Minimum 640 credit score for 97% loan-to-value-ratio
  • 45% debt-to-income ratio
  • 2 months of payment reserves (principal and interest, taxes and insurance)

You need a 640 credit score to qualify for this mortgage opportunity.

Income limits apply based on the location of the property being purchased, median area income levels and whether you're a first-time homebuyer. Please consult a loan officer for more details.

The Community Opportunity Mortgage requires 2 years of continuous full-time employment and income. College or technical education in a career field may be substituted for 1 year of employment. Gaps in employment greater than 30 days must be addressed.

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Terms and restrictions apply. Programs are subject to change without notice and may be discontinued without notice. Consult a tax advisor regarding any tax implications.

Normal credit approval applies.

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First Citizens Bank is a Member FDIC and an Equal Housing Lender icon: sys-ehl.

NMLSR ID 503941