Home Loan Products	Who is Eligible	Other Criteria	Lending Territory	Down Payment	Other Costs	Interest Rate	Term	Loan Amount	Type of Loan
Regular Program	Enrolled MCT Member Adjusted Income under $52,801	Reasonable Credit Rating Owner Occupied	State of MN Excluding Red Lake/Souix Communities	None	Standard Closing Costs Included in Financing	4%-6% depending on income	30 years	$189,682	New Construction Home Purchase
Moderate Program	Enrolled MCT Member Adjusted incomes over $52,800	Reasonable Credit Rating Owner Occupied FHA Insured	On or near 6 MCT Reservations	3%	1.5% Up Front MIP 0.5% monthly MIP (5-7 yrs) Included in Financing	Market or 6% minimum	30 years	$189,682	Home Purchase Home Purchase w/ Renovation
Renovation Program	Enrolled MCT Member No income limit	Reasonable Credit Rating Owner Occupied Second Lien Position or better	State of MN Excluding Red Lake/Sioux Communities	None	Standard Closing Costs Included in Financing	5%-6% depending on income	15 years	Up to $25,000	Renovation
ADDITIONAL FINANCIAL ASSISTANCE AVAILABLE
Gap Financing	Limited Availability	Use in continuation with Regular Program
Construction Subsidy	Limited Availability	Use in continuation with Regular Program
Rehab Grants	Limited Availability	Use in continuation with Regular Program
Interest Subsidy	Limited Availability	Use in continuation with Regular Program
Down Payment Assistance	Limited Availability	Use in continuation with Regular Program				5 Year Forgiveable Mortgage		Up to $5,000
OTHER SERVICES AVAILABLE
Appraisals/Home Inspections	Existing Clients
Insurance Claim Assistance	Existing Clients
Credit Counseling	Potential/Existing Clients
Construction Monitoring	Existing Clients
Escrows for Taxes & Insurance	Existing Clients
Homebuyer Training Classes	Existing Clients
Home Marketing	Potential/Existing Clients
Loan Modifications	Existing Clients
Reverse Equity Loans	Existing Clients
Financial Analysis/Budgeting	Existing Clients