Low Interest Loans
HomeChoice offers single-family mortgage options designed to meet the mortgage underwriting needs of people with disabilities or those who have a family member with a disability. HomeChoice mortgages offer flexibility in the areas of loan to value ratios, down payment amounts and sources, qualifying ratios, and the establishment of credit.
*Funded using Olene Walker Housing Funds
Any person with a disability (or household that includes a person with a disability), as defined by the Americans with Disabilities Act of 1990 or by the Fair Housing Amendment Act of 1988.
Up to $70,000 per household
30 year term
1% interest rate (only for HomeChoice funds)
Must meet same requirements as first mortgage
Funds may be used for purchase (including first time purchase), or refinance
Parents may be considered as non-occupant co-signers (parent income isn’t counted for income limits) for a child with a disability.