JUST IN TIME--- BOND is back! If you've been waiting patiently to take advantage of the abundance of homes to choose from in todays market, but were waiting until you had all of your downpayment together, then wait no more! WHEN?- Issue starts 28 April, 2009- ends when funds are exhausted. (Deadline to close on home is August 14) WHO?- NOT JUST FOR 1st TIME HOMEBUYERS! Anyone who qualifies for a mortgage* under current guidelines AND has a credit score of 620 or higher AND your current household income does not exceed: $63,720 for a family of one or two members $74,340 for a family of three or more HOW MUCH?- Maximum purchase price is $189,682. The BOND program will give you a grant of 3.5% of the purchase price at closing to make your downpayment. WHAT RATE?- The interest rate is a fixed 5.83% * FHA, VA, US Department of Agriculture Rural Development and Section 184 Indian housing Loans. |