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:       Vickie Lewis,   970-423-7044
Summit Revolving
Loan Fund
Call us! (970) 423-7044

About the Summit Revolving Loan Fund
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