Mortgages 

1^st Time Homebuyer Mortgages:

Many money saving options are available Including WCDA, FHA, Rural Development, and More.

Use:

Talk to your local lender about which options will get you the lowest interest rate, and the best terms for you so you have the lowest monthly payment possible.

S.H.A.C. 

Gap Financing:

No Interest, No payment second Mortgage* For the term of the 1^st Mortgage.

Use:

Helps bridge the “gap” between the cost of the house and what you can afford.

*Repaid with equity share upon re- sale or Re-finance of home .

Home Start

Bank Grant:

Money matching grant* given by some local lenders towards purchase of home.

Use:

Helps pay for closing costs, repairs, or pre- paids, to reduce amount of cash needed out of pocket at closing.

 * Requires NO re-payment

P.I.F.

Tap Lien:

No Interest, No payment Lien* placed on the property to compensate for reduced water/sewer tap costs.

Use:

Granted by Developer to reduce amount of mortgage required to finance home.

 * Repaid upon re-sale or re-finance of home.