Community's Home Ownership Program (CHOP) makes it possible for a qualified applicant to buy a home sooner.
Saving for a high down payment requirement is one of the most difficult parts in buying a home.
With CHOP*, qualified applicants can buy a home with a low 5% down payment and a fixed interest rate.
- More people can buy homes that once were out of reach.
- Single family and two apartment buildings are eligible.
- Zero point loans. Income and loan caps apply.