TD Bank Adds Choice for Home Buyers with 鈥淩ight Step鈥 Mortgage Program

TD Bank has announced that it is now offering 鈥淩ight Step,鈥 a mortgage product built for home buyers in TD Bank鈥檚 Maine to Florida footprint who make up to 80 percent of the median area income as determined by the U.S. Department of Housing and Urban Development (HUD). According to the company, 鈥淩ight Step鈥 provides qualified home buyers with an alternative to Federal Housing Administration (FHA) backed loan products and features flexible down payment options, simplified underwriting and appraisal processes and the potential for significant savings on mortgage insurance.
鈥淭D Bank is committed to creating a smooth, convenient home financing process with multiple mortgage products that can meet the needs of a diverse array of borrowers,鈥 says Michael Copley, Executive Vice President, Retail Lending, TD Bank. 鈥淲ith Right Step, and all TD mortgage products, home buyers can count on on-time closing and 24/7 access to lending professionals who are available to answer questions and to ensure buyers are confident and informed about their loan.鈥
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