GUIDE LINES For Save A Home
Program Types: 30yr Fixed, 30yr amortization / 75% loan LTV w/25% credit line @ 7% APR 10yr Amortization/2yr Deed restriction. After compliance with the SAVE A HOME PROGRAM on the 24th month from closing a GRANT in the sum of Principal and Interest of the First Loan*24. On the 24 month a credit line will be issued to the line in the amount above described, a 1099 will be issued to buyer, and credit line payment adjusted to reflected grant amount.
Maximum loan Amounts & CLTV: $729,000 maximum loan amount / 50,000 minimum loan amount / 100% CLTV
Seasoning Requirements: N/A
Eligible Borrowers: U.S Citizens / Permanent Aliens eligible for a mortgage on the same terms as U.S Citizen / Non-Permanent Resident Aliens
Property Eligibility: Please call to inquire about eligibility if property type is not reflected / Primary Res. 1-4 Units / Condos / PUDS / Second Homes 1