The Community Homeownership Incentive Program (CHIP) is a special homeowner program provided exclusively by BB&T of Tallahassee.

The program features include:

  • 3% Down payment
  • ***No Mortgage Insurance***
  • 100% Area Median Income Limits – $64,000
    (Leon, Gadsden, Wakulla and Jefferson counties)
  • Borrower(s) Income of loan application is used – NOT household income
  • Borrowers(s) cannot own another home. Present home must be sold prior to closing on new home.
  • Minimum credit score 620 on Single Family home
  • Minium credit score 660 on Manufactured home
  • Seller can pay ALL of buyers closing cost
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