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
Disclaimer: Funds availability, program underwriting standards, enrollment or completion in educational programs and other qualifying guidelines may apply. Build Wealth, MN retains the rights to decline any applicants at its own discretion.

 


Equal Opportunity LenderEqual Housing Opportunity