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Community Reinvestment Program

Serving clients in low & moderate-income areas​

The Community Reinvestment Act (CRA) was designed to assist borrowers who purchase homes in areas where household incomes are predominantly low and moderate. In addition, the guidelines for these loans - such as lower down payments, no mortgage insurance, allowable grant programs and gifts from family and friends - make it easier for borrowers to qualify.

DOWN PAYMENT DETAILS:

  • 3% down, 1-unit
  • 5% down, 2-unit
  • No PMI, 660 minimum credit score

ELIGIBILITY

  • 1-4 units, single family homes, condos & PUDs.* 
    • No Rate Adjustments for Multi-Family
  • Properties in low/moderate income census tracts*
  • Seller concessions, down payment assistance, & gifts

Do You Qualify For Our CRA Program?
Qualification varies by scenario. Reach out to your Greenway loan officer today to find out. Max DTI 45%, other income restrictions apply. Additional guideline limitations and restrictions apply. 

*Condos & PUDS must be Fannie or Freddie approved. Income limits apply for properties outside low/moderate income areas.