Knowledge Base

General Requirements for the HOME Blend program are as follows:

• Applicant must be able to qualify for a mortgage based on individual family income/debt ratio and credit.
• The applicant must obtain a bank loan from a participating lender.
• HOME Program will loan the remaining project cost plus assist with closing costs based on individual qualification.
• Purchaser must invest a minimum of $500, however closing cost can exceed this amount.
• Applicant must have an acceptable credit report.
• Applicant must successfully complete an approved home-buyer education workshop.

The maximum loan amount a client can qualify for is $125,000.00. Each client will borrow 80% of their funds from a participating lender and the additional 20% is provided as a forgivable loan over a 10-year period. This loan has a 0% interest rate.

Must be a first time home-buyer.

You can download the complete Home Blend Brochure here.