Financing

Program Highlights

  • Minimum borrower contribution is the greater of 1% of the purchase price or $1,000.00
  • No private mortgage insurance
  • Mortgage buydowns of up to 10% of the purchase price
  • Up to $50,000.00 per property can be provided for property rehabilitation
  • 30 year fixed rate mortgage
  • Flexibility on credit history;non-traditional can be accepted
  • No foreclosure or bankruptcy in the last 36 months
  • For borrowers at or below 120% of area median income (grid provided)
  • Eligible for properties in targeted neighborhoods and census tracts
  • Single family or 2 unit properties to be owner occupied
  • Additional benefits for recent college graduates

 

Contact:

WrightPatt
Holly Musgrove
Community Development Loan
 937-912-7037

 

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