Affordable Housing Funding Plan
(1st & 2nd Residential Loan Fund)
Favorable or below market rate loans are available to families that may not meet traditional underwriting criteria. Families that are considering owning a home or have found themselves in unfavorable lending terms that have created a hardship on the household may qualify. Families must agree to participate in long term (2 year) financial literacy programs with extensive case management to qualify. Contact a Budgeting Assessment Coach today to see if you qualify.
- Max Combined Loan to Value Ratio is 97%
- Max Total Debt Ratio is 41%
- 2 Months Reserves Required
- 30 Year Fixed Rate Only
- Down Payment & Community Assistance Program Layering Allowed
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