Homeownership Dreams?

Disclosure

¹Down payment and/or closing cost grant: Grant funds are limited - ask us about availability. If funds are available, grant programs are limited to applicants who qualify for and use the Dream Home Loan to purchase a primary residence within in a Majority Minority Census Tract (tract minority population greater than 50 percent) or the applicant(s) combined annual income must be considered Low-to-Moderate (less than 80% of the median family income of MidFirst Assessment Area) based on data published by the Federal Financial Institutions Examination Council (FFIEC). Grant funds must be applied to closing costs and/or down payment on loan and cannot be combined with other MidFirst grant programs.  MidFirst will report payment of the grant funds to the IRS as required by applicable law. There may be tax implications associated with receiving the grant - please consult your tax advisor if you have any questions.

** Amount offered depends on loan amount - ask for details when you apply.

²Dream Home Loan Eligibility: Limited to first-time homebuyers 18 years or older. Collateral must be the applicant’s primary residence located in a MidFirst Assessment Area. To qualify either 1) the collateral property must be located within a Majority Minority Census Tract (tract minority population greater than 50 percent) or Low-to-Moderate Income Census Tract (tract income is less than 80% area median income), or 2) the applicant(s) combined annual income must be considered Low-to-Moderate (less than 80% of the median family income of the MidFirst Assessment Area) based on data published by Federal Financial Institutions Examination Council (FFIEC).

³A down payment may be required under certain circumstances - ask for details when you apply.

⁴MidFirst follows Fannie Mae guidelines, which considers a first-time homebuyer as someone who has not owned a residential property in the last three years.