Description:
Offers loans to assist lower income owner occupants age 65 or a qualified veteran, total household income can’t exceed $20,000, must be current on your property taxes – it will not help pay any back taxes. Maximum loan amount is $3,525 or the higher of your tax bill. Outstanding mortgage or loan cannot be more than 33% of the appraised value of the home. This is a loan and a lien will be put on your property. There is a fee for the loan that covers the title search fee, the Broker Price Opinion and recording the lien. Program runs from January 1 through June 30th.