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 970-423-7044 or for more information click here

SPEC Loan Application