The Housing Partnership reserves the right to make changes to its loan programs and terms.
A sample loan program from the Homeownership Center of Charlotte. Purchase price of $165,700. Est. monthly payment including taxes and insurances – $965.00. Est. funds to close – $1301.12. First mortgage – $149,130, 3.75%, 30 yr., fixed rate. Second mortgage – $10,000, 4.693% APR, 10 yr. deferred/forgivable., fixed rate. HouseCharlotte Third mortgage – $10,000 3% interest rate. Forgiven after 10 years if loan terms are met. Subordinate loan programs available based on home selection and borrower’s household income. Borrower must provide proof of eligibility and qualify with loan underwriting guidelines. Completion of Homeownership Center of Charlotte program is required. The Housing Partnership reserves the right to make changes to its loan programs, terms and offerings without notice. (1/30/2020)