| Total Program
Funds |
9 Million |
| Interest Rates - 30 yr. Fixed |
PHOP - 5.25 %
HRP - 6.00%
|
|
2nd
DPA |
DP/CCA Grant - up to 3,000
|
| Origination
&
Discount |
1.50%*
* May be
paid by seller or borrower and seller. In no case may the
borrower pay more than .75%. |
| Eligible Areas |
City of Pittsburgh |
| Allocations |
Product Pools
FannieMae 97
FannieMae 100
FannieMae MY COMMUNITY 97
FannieMae
MY COMMUNITY 100
FREDDIE MAC HOME POSSIBLE 97
FREDDIE MAC HOME POSSIBLE
100
HRP FNMA
HRP FREDDIE MAC
PHOP
GNMA/FHA |
| Loan Commitments
Time Line |
45 - All Loans by the 45th day of reservation must
have an Underwriting Certification or will be
automatically cancelled. |
| Participating
Lenders |
- Dollar Bank
- Fidelity Savings
- Howard Hanna
- National City Bank
- Parkvale Savings Bank
- Sky Bank
- West Penn Financial
|
| Income Limits |
Non Target Family 1-2
$57,400 3+ $66,000
Target Family
1-2 $68,900 3+ $80,350 |
| Acquisition
Limits |
Non Target $216,000
Target
$264,000
|
| Final Purchase
Date - |
|
Urban Redevelopment Authority
(URA)