Provide proof of eligibility. W-2's, current tax returns or other proof of income will be required for all adult household members Qualify with the underwriting guidelines set by CMHP 's first mortgage Bank Loan Consortium . Loans are at a fixed rate for 30 years. Loans are fixed rate for 30 years. A set amount second mortgage is offered for each program.
Loans are forgivable after ten years and require no payment.
No mortgage insurance. Loan program available based on borrower's household income and are for buyers of CMHP's homes. Other loan programs are available on other home purchases. Borrower must provide proof of eligibility and qualify with loan underwriting guidelines. Completion of CMHP Homeownership Program is required.