COMMUNITY LIFT
This unique loan is purposely built to increase homeownership opportunities for minority borrowers or borrowers who want to live in a majority minority census tract.
LOAN DETAILS
Other eligibility requirements apply, including successful completion of INHP's Homebuyer Education and a positive 12-month rental payment history.
Estimated loan terms are based on a $200,000 purchase price, $200,000 loan amount (or 0% down), 5.586% interest rate (5.842% APR), $1,146.39 monthly principal and interest payment for 360 months. Rates and terms are subject to change without notice. A 580 minimum credit score and other qualification criteria required.
How is Minority defined?
Individuals who identify their ethnicity and/or race as one or more of the following are eligible:
- Ethnicity as "Hispanic or Latino"
- Race as "American Indian or Alaska Native"
- Race as "Asian"
- Race as "Native Hawaiian or Other Pacific Islander"
- Race as "Black or African American"
Individuals that identify as "White" as well as one of the ethnic or racial groups are also eligible.
READY TO BEGIN?
