Neighborhood Advantage Loan Program

The borrower who wants to qualify for the neighborhood advantage loan program must have

  • Excellent and/or clean credit = A paper loan,
  • No late payments showing on their credit record.

The income qualifications are determined by using the following standards:

  • Median income of 80% or less of the metropolitan statistical area (MSA),
  • Home must be located in a designated zip code, or
  • Home must be located in a designated census tract.

The properties that qualify for the neighborhood advantage program are:

  • Single family residence,
  • Two-to-four unit properties, where the owner must occupy one of the units.

The neighborhood advantage loan program is a FNMA program and may come with the following attachments:

  • Pre-payment penalties,
  • Available optional buy-down programs

 

ABOUT YOU:
First Name
Spouses Name
Last Name
Home Number ( )
Work Number ( )
Fax Telephone ( )

E-mail Address  
Street Address
City
State Zip
Your SS#
Spouses


Loan Application

Comments, Questions and/or Suggestions:


All offers are subject to change and are based on availability.
Only one offer can be valid per pre-approved borrower.

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All programs, rates and terms are for broker use only and are subject to change without notice.

Copyright © February 2, 2000.
All rights reserved.