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(ti d dot• l i sec+ r <br />UT)w Funds available at "6 attraial sim4tle d_itteresl <br />10 year term. no ptltralty for pr"yOMA <br />Ilinimum loan •amcxutr i tKrt 14w.16rtta lu..n amrn.att <br />i!Ki00 <br />AppI Init hot.rselrttl ds adttr!ted gross income, not to <br />e•tceed 024.0t10 <br />rlplylicanl must men•t. 40% doubt to income ratio and <br />have An acrelttable credit history <br />HD sccnr-ity regtdrett <br />11111-A Ftuledr. avoilatile at 3: tit 11% del•ertdant tell household <br />i nc overt <br />15 year term. no petrAl ty ftx prepayment <br />Max t rm tm ]Dole amount • 15, OSKr <br />ApplIcalif hotirphold adjusted yross income- not to <br />excred s24.tKN,r <br />Applir-ant attest Mee,. 40% debt tut Incume ratio and <br />have acceptable credit histary <br />Srctir I t y required art I nits gr eal rr than 1025M <br />B. tier 1trc, <br />Deferred loan program for energy conservation improvements <br />Fundingt $92.000 CDP13 funds We% of available CDPO encl,tding <br />admint%trative r::prnrrsl <br />Description: <br />this- tier prnvirlr+s funding felt applit"rtts little do not gt.tal if": <br />under the CDBO or MHFA installment Ivan programs. Hot.tsehoIcI <br />with hiylt ettergtt use, the treabiltiv to meet a 4tiy, debt lr income: <br />ratio, and/or poor credit history would be eligible for a five <br />yorr dr-fnrrrd loan. tite luau dues sent have In be repaid unless <br />the proptrty to sold within five years from file date of the loan. <br />Out dr.)trer: <br />Five year deferred note <br />Zero inferpst. per lfir ipal arty dur upon <br />transfer of property within five year dit"rr nl <br />per t fled <br />Minimum Joan smcnint II NK1) Marr t mom loan Amount 05000 <br />Mrpl i caret ho esehnld ad iusf wt yross income not to <br />cxr_red 1124,�rt:r0 <br />- Applicank cannot, tilealIfv far CDPO or MHFA <br />iFist alletettf. loan programe (e.g., poor credit <br />history, debt to intone rat in exceeds 40%, etc.) <br />9YO!yia3lc" <br />A financial ei-voInaticxt wrwild be .rvail.tbie tlitotytt an annual <br />fileaatrlal audit. Evaluatirnt of program rtrstilts waidd be through <br />s <br />