First Bank Thrive Mortgage Loan

First Bank Thrive Mortgage Loan is a grant for homebuyers in Statewide, California. Special Purpose Credit Program by First Bank. 100% LTV, no PMI, $4,000 lender credit for closing. Up to 100% LTV with NO PMI. $4,000 lender credit for closing costs. Targeted to low- to moderate-income borrowers in select census tracts. This is a nationwide program, so it is available beyond a single state or city.

First Bank Thrive Mortgage Loan is structured as a grant, so it is not repaid. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

First Bank Thrive Mortgage Loan is open to homebuyers who will live in the home as their primary residence. The program lists a minimum credit score of 620. A homebuyer education course is required, through Required - HUD-approved homebuyer counseling. Sourced via Homebuyer Wallet (MULTI250159). Available in CA, IL, MO. Income limits per program guidelines. Min FICO 620. Property in eligible First Bank Special Purpose Credit Program (SPCP) census tracts.

First Bank Thrive Mortgage Loan sets its income limit as follows: Per program guidelines (LMI tracts). The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

First Bank Thrive Mortgage Loan can be used for Single-family, Condo, Townhouse.

First Bank Thrive Mortgage Loan is a nationwide program, so it is not limited to one state. The program targets specific areas: Eligible LMI/SPCP census tracts in First Bank footprint.

Applications for First Bank Thrive Mortgage Loan go through the administering agency. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.