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New Homes Loan, administered by Self Help CDC
Self Help CDC
www.MySelfHelpHome.com

Program Overview


New Homes Loan, administered by Self Help CDC is a program that provides second mortgage loans for the purchase of newly-constructed homes Statewide


Who is eligible for this program?


Borrowers must have incomes of not more than 80% of the area median Funds may be applied towards the purchase of newly constructed homes from a pool maintained by the adminstering agencies

Maximum % of Sales Price: 20%
Is this program for first time buyers only? No


Property Eligibility Requirements


Benefit Details


Deferred payment, second mortgage loan for hiome purchase. The minimum loan is $5000, and the maximum is $25,000 or 20% of the purchase price, whichever is less Maximum loan of $25,000

Benefit: Deferred payment second mortgage loan
Owner Occupancy Required:No

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