Community Heroes

what is the community heroes loan program?

You serve our communities. Let us help serve you!

Community Heroes is a low-down-payment conventional loan program tailored specifically for, well, community heroes. This includes:

  • Nurses
  • CNAs
  • Medical care providers
  • Police officers
  • Law enforcement employees
  • Teachers
  • School district employees
  • Firefighters
  • EMTs
  • Paramedics
  • Active duty or former military members

what are the benefits of a community heroes loan?

The biggest benefit of the Community Heroes loan program is the 1% down payment requirement. Consider this a “thank you” for all you do in your line of work. With just 1% down, you can purchase the home of your dreams!

Most other conventional loans require a down payment anywhere between 3% and 20%. So, having a conventional option with an even lower down payment is a huge perk. Conventional loans are often a great choice for homebuyers because mortgage insurance generally costs less than it does with government loans, and it may be cancelled once you reach about 20% equity (meaning between your down payment and your monthly payments, you’ve paid 20% of the original purchase price of your home).

Lower mortgage insurance costs = lower monthly payments. To be able to get a conventional loan with such a low down payment is a huge win – and it’s exclusive to the local heroes that serve our communities!

what are the loan program requirements?


  • 5/1, 7/1, or 10/1 adjustable rate mortgage (ARM)
  • Minimum credit score of 740
  • No first-time homebuyer requirement
  • Property must be a single-unit, primary residence

Loan limits may be higher in some locations. Contact your loan originator to learn more. All loan requests are subject to credit approval as well as specific loan program requirements and guidelines. With adjustable-rate mortgages, the interest rate is variable and may increase or decrease after the initial fixed rate period based on changes to an index. This could result in an increase in the monthly payment. Geographical restrictions may apply.