Home Opportunity Loan

Helping more people in Mississippi become homeowners.

2% down payment. 20-year or 30-year fixed rates.

Opportunity is knocking! Now may be your chance to become a homeowner with a CNB Home Opportunity Loan. This loan is available to customers looking to purchase or refinance their home in a low- to moderate-income area in Mississippi or with a low to moderate income when the sales price of the home is $150,000 or less. The down payment is as low as 2% on purchases and 5% on refinances. Applicant must meet one of the following guidelines to qualify 1) annual income must be $45,119.94 or less or 2)home purchase must be in MS and identified as low to moderate income area as defined by latest US census.  Minimum credit score of 625 to qualify, other restrictions may apply. Maximum loan amount of $150,000, minimum loan amount of $25,000, 2% down payment required on home purchases, 5% down payment for any refinance (No Cash Out), 20-year or 30-year term. Customer pays all closing costs; doc prep fee of $300, no origination fees, no PMI, taxes and insurance will be escrowed in monthly payment.  For example, a home purchase of $75,000 with a 5.69% APR fixed and a 2% down payment would cost $426.13 per month, plus escrow of taxes and insurance, for 360 months. Offer is subject to credit approval.

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