Key Benefits
- Fixed interest rate 30-year loan – current rate click here
- No first-time homebuyer requirement
- Grant is non-repayable
- Available state-wide
- No asset limits for homebuyers
- Now offering up to a 4% grant with government loan types and up to a 5% grant with conventional loan financing
- Grants are based upon the loan amount and can be used for down payment assistance and/or closing costs.
- Can be combined with The Mortgage Tax Credit (MTC) Program. For more information, click here
Program Requirements
- Minimum credit score of 640 for government insured loans and 680 for most conventional loans
- Qualifying income on mortgage application must be below $95,500
- Home price below $400,000
- Must be homebuyer’s primary residence
- Homebuyer education course is required
- Must meet normal government or conventional loan underwriting requirements