RATE OPTIMIZER
INHP can lower the interest rate on its standard 30-year-term mortgage loan so you can have a fixed, affordable and optimal monthly payment.
PROGRAM DETAILS
![INHP_BuyAHouse_IconMdBlue INHP_BuyAHouse_IconMdBlue](https://www.inhp.org/wp-content/uploads/2019/01/INHP_BuyAHouse_IconMdBlue.png)
HOW DOES IT WORK?
The interest rate reduction is based on an eligible buyer's household income.
The rate will not be lowered more than 3 percentage points, and the rate cannot fall below 2%.
PROGRAM ELIGIBILITY
1 to 3% down payment
Minimum 580 credit score
Home must be primary residence in Marion County
Household income cannot exceed 120% AMI (inquire for more details)
*Estimated loan terms are based on a $175,000 Purchase Price, $169,750 Loan Amount (or 3% down), 7.5% interest rate (7.750% APR), 580 credit score, $1,186.92 monthly principal and interest payment for 360 months. **Estimated loan terms are based on a $175,000 Purchase Price, $169,750 Loan Amount (or 3% down), 4.5% interest rate (4.686% APR), 580 credit score, $860.10 monthly principal and interest payment for 360 months. ***Estimated loan terms are based on a $175,000 Purchase Price, $169,750 Loan Amount (or 3% down), 5.5% interest rate (5.705% APR), 580 credit score, $963.82 monthly principal and interest payment for 360 months. Income and eligibility restrictions apply. Rates and availability subject to change without notice.
READY TO BEGIN?
![INHP_Advising_IconOrange INHP_Advising_IconOrange](https://www.inhp.org/wp-content/uploads/2019/01/INHP_Advising_IconOrange.png)