Affordable Advantage Home Mortgage
Owning a home can be easier than you think, especially with a Affordable Advantage Home Mortgage from Simmons Bank – with 100% financing.
Make homeownership a reality.
No down payment
No Private Mortgage Insurance (PMI)
Seller contributions and gift funds allowed
Income restrictions apply
Not limited to first-time homebuyers
Flexible credit guidelines
No investors allowed
Financing structured as two separate loans: an 80% first mortgage and 20% second mortgage.
Offer available in the following communities:
Arkansas
Ashley, Benton, Chicot, Cleburne, Cleveland, Conway, Crawford, Craighead, Desha, Drew, Faulkner, Franklin, Fulton, Greene, Izard, Jefferson, Johnson, Lawrence, Lincoln, Lonoke, Poinsett, Pope, Pulaski, Saline, Searcy, Sebastian, Sharp, Stone, Union, Van Buren, Washington and White counties
Missouri
Barry, Boone, Cedar, Dade, Douglas, Howell, Lawrence, Oregon, Ozark, Shannon, St. Louis City, St. Charles, St. Louis, Stone, Taney, Texas, and Wright counties
Kansas
Sedwick county
Oklahoma
Canadian, Cleveland, Grady, Oklahoma, and Payne counties
Tennessee
Carroll, Chester, Crockett, Davidson, Dyer, Gibson, Hardeman, Haywood, Henderson, Lauderdale, Madison, McMinn, Monroe, Obion, Robertson, Shelby, Sumner, Tipton, Weakly and Williamson counties
Texas
Bee, Collin, Cooke, Dallas, Denton, DeWitt, Fort Bend, Grayson, Harris, Henderson, Johnson, Karnes, Kaufman, Live Oak, McMullen, Montgomery, Parker, Palo Pinto, and Tarrant counties
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{97} Benefits and features are subject to customer qualification and approval by Simmons Bank.
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{166} Subject to credit approval.
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{173} The Affordable Advantage Home Mortgage is offered to meet the needs of low-to-moderate income and majority minority communities in the Little Rock, AR, Fayetteville, AR, Fort Smith, AR, Jonesboro, AR, AR North, AR South, Wichita, KS, St. Louis, MO, Columbia, MO, Southern MO, Oklahoma City, OK, Payne, OK, Memphis, TN, Nasvhille, TN, TN West Non, Jackson, TN, TN East Non, Dallas, TX, Fort Worth, Houston, TX, Sherman, TX, TN West Non, and TX South Non areas in accordance with Simmons Bank’s obligations under the Community Reinvestment Act (CRA) and Fair Lending laws. Speak with your local Simmons Bank banker to find out what products are available in your area. Loan amount cannot exceed fair market value of the property. Simmons Bank NMLS# 484633