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Welcome
McWEB
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Privacy Policy
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ALLEGHENY COUNTY RESIDENTIAL
FINANCE AUTHORITY
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SINGLE
FAMILY MRB
2010 Series XX
First-Time Homeowner Program
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Administrator Guidelines, All Forms ,
DPA, Contacts
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Start Date |
Nov 23, 2010 |
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Total Program
Funds |
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Interest Rates - 30 yr. Fixed |
- 3.600% -
Points
- 3.750% - NO
Points
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Origination
& Discount |
- 1.5% with the above points
rate
(buyer or seller)
- 0% with the above no points rate
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DPA
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Eligible Areas |
- Allegheny County
(excluding the City of Pittsburgh)
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Allocations |
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Non Target and Target Pools for ALL
Lenders
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Loan Commitments
Time Line
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30
- All Loans by the 45th day of reservation must
have an Underwriting Certification or will be automatically
cancelled.
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60 - All
Loans must be closed & delivered within 90 days of reservation
or will be
automatically cancelled.
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90 -
All Loans must be purchased within
120 days of reservation.
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Participating Lenders |
- Allegheny Mortgage Corporation
- Allstate Financial
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Bank
of America
- Dollar Bank
- Howard Hanna Financial Services Inc
- Omega Financial Services
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West Penn Financial
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Income Limits |
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Non Target Family 1-2
$63,000 3+ $72,450
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Target Family 1-2
$75,600 3+ $88,200
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Acquisition
Limits |
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Non Target
$294,750 &
Target
$360,250
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Targeted Areas |
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Clairton 4923, Duquesne 4869, Homestead 4838, McKees
Rocks 4644, McKeesport 5509, 5519, 5521, Rankin 5140, West
Homestead 4824
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Final Purchase
Date |
Nov 2011 |
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Updated
03/24/11
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