United States
At Popular Bank, we’ll guide you through the essential steps toward buying or refinancing your home. Achieve your dream of homeownership with a low down payment mortgage or take advantage of competitive refinance rates for an existing mortgage. With HomeReady® and Popular Affordable Mortgage,1 we make homeownership and home refinance simple, more affordable, and more accessible.
Attractive mortgage option for first-time or repeat homebuyers.2
Make your dream of homeownership a reality with up to 97% financing.3
Popular Bank’s financial products lower the barrier to homeownership, making the dream of raising a family and owning a home affordable.
Popular Bank’s financial products lower the barrier to homeownership, making the dream of raising a family and owning a home affordable.
Reduced or eliminated fees to help lower the cost of processing your loan application.
Ask a Home Lending Officer if you’re eligible for grants or financial assistance to help lower the barrier to homeownership.
Our home lending team is here to help you get started.
Find answers to frequently asked questions about low down payment mortgages from Popular Bank.
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Our experienced Home Lending Officers are here to guide you through each step of the homebuying or home refinance process. Learn how to apply for one of our low down payment mortgage options, or get more details on refinancing an existing mortgage at competitive rates.
Meet our mortgage team
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1All loans are subject to credit review and approval. Rates, program terms and conditions vary by state and are subject to change without notice.
2The HomeReady® Program is a registered trademark of Fannie Mae. Fannie Mae is not affiliated with Popular Bank. Additional program details are available on the Fannie Mae website. Borrowers must meet HomeReady® eligibility and qualification requirements, and receive loan approval. Borrower income must be less than 80% of area meridian income (AMI) as defined by Fannie Mae. A 3% down payment and mortgage insurance are required. First-time homebuyers will need to complete a homebuyer education course. The HomeReady Program is also available for refinances.
3The Popular Affordable Mortgage is only available for the purchase of a primary residence property located within the Popular Bank assessment area. Income limits apply and a homebuyer education course is required. All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply.
4Borrowers must meet Federal Home Loan Bank Homebuyer Dream and/or Homebuyer Dream Plus eligibility and qualification requirements. Subject property must be in a Popular Bank defined assessment area. The household must meet the income guidelines set forth in the Homebuyer Dream guidelines with a total household income of 80% or below of the area median income for the county in which the home being purchased is located, adjusted for household size.
5The HomeFirst Down Payment Assistance Program details are available at NYC Department of Housing Preservation and Development website. Borrowers must meet HomeFirst eligibility and qualification requirements. Borrowers must be a first-time homebuyer and complete a homebuyer education course. Borrower income must be less than 80% of area median income (AMI) as determined by the U.S. Department of Housing and Urban Development (HUD). A 3% down payment is required. Neighborhood Housing Services of New York City, Inc. (NHSNYC) administers the New York City Department of Housing Preservation and Development’s HomeFirst Downpayment Assistance Program.
6The Loan Origination Fee Waiver is a waiver of the Bank’s otherwise standard origination fee and is only available on agency products and portfolio products to agency limits for residential mortgage loans (purchases and refinances) in which the property is an owner-occupied primary residence (1-4 family, a condominium, or a cooperative property type), located in Popular Bank’s assessment area, and located within a majority minority census tract (“MMCT”) Other restrictions and limitations may apply.
Popular Bank. NMLS ID # 417584
Popular Bank, PO Box 4503, Oak Park, IL 60303-4503.
Customer Service Phone: 1-888-500-2612
For New York Borrowers: Popular Bank is regulated by the New York Department of Financial Services (NYDFS). To file a complaint contact New York State Department of Financial Services Consumer Assistance Unit at 1-800-342-3736 or by visiting the Department’s website at
www.dfs.ny.gov. Popular Bank may utilize third party service providers to service your loan but remains responsible for all actions taken by the third party.
For more information regarding fees for mortgages and home equities serviced by Popular Bank, please see our Residential Mortgage and Home Equity Product Servicing Fees
here.
Does not apply to mortgages serviced by Popular Mortgage Services. For information regarding fees for Popular Mortgage Services accounts, please
sign in
to your account.
NYC Residents: Popular Bank provides language access services in Spanish. Please note that Popular Bank has customer service options to speak with an agent in Spanish. Popular Bank’s language access services are limited to verbal communications with an agent in Spanish. Popular Bank does NOT provide any other language access services in Spanish (or any other language) and, specifically, does not provide translations of any documents in Spanish (or any other language).
A translation and description of commonly-used debt collection terms is available in multiple languages on the NY Department of Consumer Affair’s website, www.nyc.gov/dca
