What is the My Community Mortgage program?
Wachovia offers a number of ways for homebuyers with modest incomes and limited savings to turn the dream of home ownership into a reality. The My Community Mortgage loan is available to first-time homebuyers who buy a home in a low-to moderate-income area as determined by the U.S. Census. This program may be a good choice if you have limited funds saved for a down payment, or have funds saved for the first month’s mortgage payment, or are interested in stable monthly payments and need a variety of loan terms and down payment options to choose from.
