Loan Features:

  • Pre-approval from a participating lender is required to purchase an LCHT home. Pre-approval still requires a good credit score and two years of stable income and bill payment history.
  • Prospective buyers receive a conventional fixed interest rate, cialis buy purchase with a 30-year non-predatory loan. Often buyers can avoid additional PMI due to the amount of program subsidy.
  • Affordable Down Payment Requirements: Five percent (5%) of the buyers’ income but no less than $500. A gift is acceptable for cash requirements exceeding $500.
  • If you are a first time homebuyer, viagra nurse the LCHT program will cover closing costs up to $3, here 000.
  • Maximum Cash Values for persons younger than 62 are $5,000 + $2,500 for each additional family member. For persons older than 62 there is a maximum of $12,500 each.

The lender will look at 30% – 42% of the monthly gross for all adults in the family. This ratio depends on your credit score, your income and the loan amount compared to the house’s value.

Do NOT follow this link or you will be banned from the site!