You can close in as few as 15 business days. Closing will take place in a location convenient to you. Members can use the Program's closing service or choose their own. In some states, you may schedule your closing in the evening or on Saturday. The amount of home you can afford depends on your income and debts, and the funds you have available for a down payment and closing costs.
Requirements can vary for different down payment amounts and loan programs.
Members don't have to actually apply to find out. Condos, co-ops, second homes and investment properties are excluded from this program. Other conditions may apply, such as a maximum loan amount. The 15 day close is not available in all states and is subject to certain conditions. An additional fee applies to Saturday closings.