This is a 4% grant with a rate at 5.75%. You can find the targeted areas here! https://www.arcgis.com/home/
Example of how this can work: I had a Broker in Dallas that had a borrower that needed DPA but was over the regular DPA income limit. So, we structured the loan with “Targeted Area Income Limits” (higher) and told the realtor to find them a house in a targeted area. It worked great and the borrower was happy.
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