Loan Terms:    No Interest or payments for first 2 years
3% Interest rate, after first 24 months
Monthly payments starting at month 25
20-year amortization with 7-year balloon
                                      (Note: loan may be able to be fully amortized; contact SCHA for information)
Loan amounts up to $10,000
Income limited to $1 above HUD-low income up to 160% of AMI

Please review the Underwriting Guidelines.










Staff Contact:       Joy Klein, 970-423-7041
Summit Revolving
Loan Fund
Call us! (970) 423-7040

About the Summit Revolving Loan Fund
Website built by Jen Miller, for the Summit Combined Housing Authority.