RATE OPTIMIZER
INHP can lower the interest rate on its standard 30-year-term mortgage loan so you can have a fixed, affordable and optimal monthly payment.
PROGRAM DETAILS
HOW DOES IT WORK?
The interest rate reduction is based on an eligible buyer's household income.
The rate will not be lowered more than 3 percentage points, and the rate cannot fall below 2%.
PROGRAM ELIGIBILITY
1 to 3% down payment
Minimum 580 credit score
Home must be primary residence in Marion County
Household income cannot exceed 120% AMI (inquire for more details)
*Estimated loan terms are based on a $175,000 Purchase Price, $169,750 Loan Amount (or 3% down), 7.5% interest rate (7.750% APR), 580 credit score, $1,186.92 monthly principal and interest payment for 360 months. **Estimated loan terms are based on a $175,000 Purchase Price, $169,750 Loan Amount (or 3% down), 4.5% interest rate (4.686% APR), 580 credit score, $860.10 monthly principal and interest payment for 360 months. ***Estimated loan terms are based on a $175,000 Purchase Price, $169,750 Loan Amount (or 3% down), 5.5% interest rate (5.705% APR), 580 credit score, $963.82 monthly principal and interest payment for 360 months. Income and eligibility restrictions apply. Rates and availability subject to change without notice.
READY TO BEGIN?
