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Regions Affordable 97

Available Products and Parameters - Maximum loan amount up to Conforming Loan Limits
Borrower Eligibility

  • Income can not exceed 80% of HUD median income, unless located in LMI Census Tracts
  • Homebuyer education course required (free/online available)
  • Must not own any other residential property at time of closing


  • Maximum 97% LTV
  • Minimum 3% down

Borrower Contribution - 3% (can be gift)
Mortgage Insurance - None
Occupancy - Owner-occupied
Seller Contribution - Maximum 6%
Reserves - Not required (for DTIs up to 33/41)
Subordinate Financing - permitted through a Regions-approved down payment assistance program (DPA)