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| Fresh Opportunity Mortgage |
| Detroit Zero Home Repair Loan Program |
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Fresh Opportunity Mortgage
Our Fresh Opportunity Mortgages help families and individuals gain access to the funds necessary to purchase a home. Our program is successful because we focus on a borrower's entire financial picture, not just the credit score. Our program is currently available in Detroit and Grand Rapids. For more information, please contact, one of our loan officers. Charles Turner for the Detroit area 313-462-2415 or cturner@oppfund.org and Venessa Remo in the Grand Rapids area 616-425-2177 or vremo@oppfund.org. We look forward to working with you soon!
Term: 30 years
Maximum Amount: $200,000
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Detroit Zero Home Repair Loan Program
The 0% Interest Home Repair Loan Program launched in April 2015 offers 10-year, interest-free loans from $5,000 to $25,000 to help Detroit homeowners invest in and repair their homes – promoting public health and safety, increasing property values and helping residents secure and maintain homeowner’s insurance. To apply for the program, go to one of the Program intake centers.
http://www.detroithomeloans.org/
Term: 10 years
Maximum Amount: $25,000
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| | | More details on the program go to the following :
www.detroithomeloans.org
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $12,510. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $30,000. Your actual APR may be different depending upon these factors.
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