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ALLEGHENY COUNTY RESIDENTIAL
FINANCE AUTHORITY
-
- SINGLE
FAMILY MRB
2007 Series UU-VV
First-Time Homeowner Program
-
-
Program has been extended thru
10/2010
We still need your
loans to follow the timeline below
New
Rates!
|
|
PREVIOUS
PROGRAM
DPA HELP?
 |
|
| Start Date |
June 11, 2007 |
| Total Program
Funds |
$16,045,000 |
| Interest Rates - 30 yr. Fixed |
3/9/2010
4.95% with no points
4.80% with 1 1/2 points
11/1/2009
5.25% with no points
5.00% with 1 1/2 points
2/2/2009
5.50% with no points
5.65% with 1 1/2 points
5/30/2008 -
5.85% and 6.00%
5.90% and 6.15%
|
| Origination
& Discount |
1.5% with the above points
rate
(buyer or seller)
0% with the above no points rate |
Assistance
via Allegheny County |
Please contact ACRFA directly for information. |
Eligible Areas |
Allegheny County
(excluding the City of Pittsburgh) |
| Allocations |
Spot
and Target Pools for ALL
Lenders |
Loan Commitments
Time Line
REVISED 2/2/09 |
30
- All Loans by the 45th day of reservation must
have an Underwriting Certification or will be
automatically cancelled.
60 - All
Loans must be closed & delivered within 90 days of reservation
or will be
automatically cancelled.
90
- All Loans must be
purchased within 120 days of reservation. |
| Participating Lenders |
- Allegheny Mortgage Corporation
- Allstate Financial
- American
Home Mortgage
- Countrywide Home Loans, Inc.
- Dollar Bank
- Howard Hanna Financial Services Inc
- JP Morgan
Chase
- National City Bank of PA
- Omega Financial Services
-
Wells Fargo
-
West Penn Financial
|
| Income Limits |
Non Target Family 1-2
$57,900 3+ $66,600
Target Family 1-2
$69,500 3+ $81,050 |
| Acquisition
Limits |
Non Target $294,750
&
Target
$360,250 |
|
Targeted Areas |
Clairton 4923, Duquesne 4869, Homestead 4838, McKees
Rocks 4644, McKeesport 5509, 5519, 5521, Rankin 5140, West
Homestead 4824 |
| Final Purchase
Date |
October
30, 2009 |
|
Updated
03/08/10
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