How Bond Programs Work
Bond programs vary from state to state and county by county. Bond programs provide Down Payment and Settlement Expense help for those who qualify.
- Available on 30 yr fixed loans with Conv, FHA, USDA, or VA financing.
- Minimum credit score of 640 qualifies
- Maximum debt ratio of 45%
- Maximum loan amount is $417,000
Call us today at 1-800-270-7082 to learn about bond program options available in your area and if you qualify!
FHA Loan with 3.5% down payment* on an $83,000 sales price with a 3.75% fixed interest rate/5.43 APR for 30 years = $734.10 monthly payment (including taxes & insurance).
*If loan applicant qualifies, OHFA 2.5% (or $2,075) down payment assistance grant + 1% (or $830) down payment from borrower.