RBC Centura confirms commitment to provide low-to-moderate-income
mortgagesNew self-help mortgage product will offer easier access to mortgages for all
Rocky Mount, N.C., July 12, 2005 —
RBC Centura has recently added a self-help mortgage product,
in addition to its already established mortgage products,
which will provide easier access to mortgages, specifically
for low-to-moderate-income customers.
The new RBC Centura Self-Help product will offer qualifying
customers more credit and underwriting flexibility than ever
before. Features include low-to-zero down payment, no permanent
mortgage insurance requirement and down payment assistance.
RBC Centura retains the servicing on these loans, so customers
can continue to deal directly with the bank on matters concerning
their loans after they close.
To ensure that customers understand all aspects of their
mortgage decisions, RBC Centura provides financial education,
as well as homeownership seminars to consumers, community
resources, local housing-based non-profit organizations and
members of the faith community. Most recently, the company
reached out to housing counselors to raise awareness of RBC
Centura's educational resources. Each of RBC Centura's mortgage
originators has participated in training on how to conduct
homeownership workshops in their communities, and mortgage
originators receive awards form the bank for taking the extra
time and care often required to help low-to- moderate-income
families realize their goal of homeownership.
"There are not many things more gratifying than helping
a family purchase their first home," said Bobby Chesney,
president of RBC Centura's Mortgage Division. "Not only
does the individual or family benefit, but home ownership
also helps stabilize the community and fuel the community
economy. I'm excited about our new product that will make
home-ownership more accessible for everyone."
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