BB&T 100 Percent Financing Community Homeownership Incentive Program (CHIP)

BB&T’s 100% Financing Community Homeownership Incentive Program (CHIP)

The Community Homeownership Incentive Program (CHIP) specifically from BB&T  could help you own the home you have always dreamed about. This income driven program varies by county. CHIP is an easy to qualify loan focused on first time homebuyers that could be for you, especially if you are either unsure about qualifying income, lacking credit history or are concerned about funding a large down-payment.

For those who qualify, this program offers up to 100% financing, NO down-payment, and NO PMI (private mortgage insurance). Without PMI, monthly loan payments are normally less than those with competing FHA loans.

If you do not qualify for 100% financing, you could still receive 97% financing with a %3 down-payment. All the loans are 30 year fixed loans, but there is no prepayment penalty if the loan is paid off early.

Although this is income driven program, there are some income exempt areas. If the address of the home you are looking to buy is located in a HUD Designated Underserved Area, you may still qualify for the loan even if your income is over the guidelines. To determine if your home is in such an area:

Additionally, even though this program is focused on first time homebuyers, there are some cases where people may qualify who have already purchased a home. Many senior citizens qualify this way.

If you are interested in receiving immediate attention to find out if you qualify for this program, please contact us at our website.

If you do not qualify for this program yet are still searching for a home and are interested in becoming a homeowner, you could possibly still be eligible for other lending incentive programs offered by SC State Housing such as the first time home buyer’s program. This program is offered year round to a wide range of people interested in owning a home.

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Blog Signature: BB&T, Home Financing, CHIP Program, Community Homeownership Incentive Program, First Time Homebuyers, 100% Financing, Incentive Programs for Home Buying, No Down Payment Programs

Columbia,SC EXIT Real Estate Solutions – Jae Kim, Broker
Buying or selling a home or property should be one of the most enjoyable experiences of your life.  Most of the time, it’s the largest investment you will make.  Jae Kim of EXIT Real Estate Solutions in Columbia, SC is your Award Winning Real Estate expert in BlythewoodColumbiaLugoffElginLexingtonIrmo,ChapinCamden,
CayceWest Columbia, and the rest of Greater Columbia.  This is what we do every day. We can simplify the process for you so that you can enjoy the the experience and avoid the pitfalls that often result in stressful transactions.  Call 803-348-3052 today for World-Class, Award- Winning representation.
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About Jae Kim, Broker/Owner - EXIT Real Estate Solutions

Jae Kim is a an expert Realtor®/Broker in the Greater Columbia Area including the cities of Blythewood, Columbia, Lugoff, Elgin, Lexington, Irmo, Chapin, West Columbia and more. Jae has in depth knowledge and experience in many large neighborhoods including Lake Carolina, LongCreek Plantation, Crickentree, Wildewood, Woodcreek Farms, Governors Grant, Ascot, Ashford, Chestnut Hill Plantation, and Saluda River Gardens. He can help you find anything you are searching for, including homes, houses, condominiums, lots, land, townhomes, foreclosures, short sales and real estate listings for sale. He also has extensive experience in relocations, military transfers, & investments. Jae Kim is a Georgia Tech graduate in Mechanical Engineering. He worked for 12 years in distribution and manufacturing management with companies like Amazon.com, Target, Mobil Chemical , WR Grace , and QVC. Jae has extensive experience in the real estate industry from past purchases and sales (renovations, foreclosures, short sales, duplexes, quads, apartments, commercial property, resort land, etc...). He leverages his experiences to help his clients and their needs. Jae began his real estate career with Coldwell Banker in Camden,SC. He had his first full year in 2005 (see below). Jae moved to RE/MAX in 2007 and started his team. In 2008, Jae became a broker and his team maintained an average of 40 listings with an average price of $200,000. In 2009, Jae received the prestigious CRS designation, placing him in the top 4% of all real estate sales agents nationwide. In May 2009, EXIT Real Estate Solutions, opened its doors to the public with Jae Kim as the Owner/Broker-in-Charge. Jae has exceeded $40,000,000 in transactions and continues to remain in the top 1% of agents in the Greater Columbia area. Jae was the 2010 Top EXIT Realtor® in Greater Columbia and #3 in the entire state. Jae has just recently opened his second office in Irmo, SC and is excited to continue with this success and grow! Recently, Jae Kim was recognized by The State Newspaper for his sustained success in real estate despite the hard market conditions. Previous clients have been overwhelmed with joy after working with him. Many are shocked how quickly he is able to sell their property, and others are thrilled about how easy and stress-free he makes the process of buying or selling a home. They have appreciated his broad knowledge base along with the endless tips and advice he is able to provide. Additionally, they assert that Jae’s hard work, commitment, and professionalism make him THE Realtor® to work with! In his free time, Jae enjoys spending
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One Response to BB&T 100 Percent Financing Community Homeownership Incentive Program (CHIP)

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