• 30-year, fixed-rate mortgage
• Down payment assistance
• No PMI costs for borrower
• $97,300 household income limit
• Proposed construction, new and
existing homes are eligible
• No sales price limit
For proposed construction cases,
$100 million has been reserved for the
first six-month period of the initiative.
Each loan will receive a four-month
commitment of funds during the
home's construction period.
