Penn Community Bank’s Home Opportunity Mortgage Increases Access to Housing for All

Home ownership.
Image via iStock.
The Home Opportunity Mortgage program ensures fair, affordable access to housing.
Logo Penn Community Bank.

Throughout its 150-year history, Penn Community Bank has been committed to helping people achieve the dream of home ownership and now with its new Home Opportunity Mortgage program, it will be able to help more individuals and families.

The Home Opportunity Mortgage program ensures fair, affordable access to housing from the Lehigh Valley to Philadelphia and everywhere in between, by providing modest-income borrowers – or those purchasing in low- and moderate-income areas – a unique lending option which includes:

  • $0 down payment,
  • No minimum FICO credit score,
  • No Private Mortgage Insurance (PMI),
  • Competitive rates
  • Reduced closing costs, and
  • Access to homebuyer education and grant programs.

“As the largest mutual bank in eastern Pennsylvania, we know what it takes to build strong communities,” said Jeane M. Vidoni, Penn Community Bank President and CEO.

“Our new Home Opportunity Mortgage continues our commitment to empowering individuals and families on their homebuying journey and seeks to remove barriers that too often keep homeownership out of reach.”

“Homeownership is the single best way to build and pass on generational wealth. Unfortunately, this path is increasingly out of reach for minority communities and those who fall into the low to moderate income bracket,” said Steve Murphy, Penn Community Bank Chief Banking Officer.

“Our team of expert lenders and community-oriented bankers is proud to deploy this new program to help anyone purchase safe, secure homes so they can live healthier lives and help secure their financial future.”

The new program expands Penn Community Bank’s commitment to increasing access to housing in the region, especially communities of color. In 2022, Penn Community Bank partnered with Philadelphia-based nonprofit Clarifi to support grants and financial literacy programming for first-time homebuyers with a $100,000 contribution. Details about the program, including how to apply, can be found at

Visit Penn Community Bank for more information.


More on the new program.

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