1 Applies to qualified borrowers.
2 Maximum household income limit is based on 80% of area median income published by HUD for 4-person household. Home must be a primary residence or second home, single-family dwelling, townhouse, planned unit development or condo. Loan program is subject to change.
3 May vary based on program underwriting guidelines. Home must be a primary residence located in a census tract where the population is at least a 50% majority minority census tract and the total household income cannot exceed 100% of the census tract median income as determined by the FFIEC Geocoding System/US Census.
4 1099-MISC will be issued to borrower on awarded funds. Grant funds awarded while funds last for the award program year. Loan program is subject to change.
5 The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. Consult a tax adviser for further information regarding the deductibility of interest and charges.
Offer subject to credit approval.