If you are planning to buy your principal residence and do not have savings for a down payment and closing costs, this loan insured by the Federal Housing Administration may be your answer.
 
Description

  • Insured by the U.S. Department of Housing and Urban Development
  • Down payment for this loan is lower than for a conventional loan
  • To acquire or refinance your principal residence
  • Maximum of $242,850 for a single family home
  • Maximum 97% LTV for purchase
  • Maximum 85% for refinance of principal residence
  • Term: 30 years
  • Only available in USVI


Apply by calling:

  • Saint Thomas – Mortgage Center 340-693-2803
  • Saint Croix – Mortgage Center 340-693-2911

1Subject to credit approval. Example: A loan of $100,000 at 6.43% APR, for 30 years will have a monthly payment of $623.87. The payments from the examples do not include legal and incidental expenses, prepaid expenses or any type of insurance and taxes. Some conditions and restrictions apply.