SPEC Loan Program

Purpose of loan fund

          • To address health, safety and code issues in primary residence
          • HOA special assessments considered on case by case basis

Eligible properties

          • Single family attached/detached & Condos (no manufactured or mobile homes)
          • Property must be located in Summit County

AMI Levels: Income at or below 120% AMI

Lien Position: 2nd only

Loan Amounts:Maximum $15,000

Combined Loan to Value Max is 98%

Processing fee

          • $250 application fee at the time of the application
          • $500 closing fee paid through loan proceeds

Loan term

          • up to 20 years
          • 3% interest rate

Owner must be employed a min of 30 hours/week in Summit County

Contact Vickie at 970-453-3556 or for more information click here

SPEC Loan Application