Profile picture for epinera

DSHA SMAL

Does anyone know the requirements for the SMAL program? I know I meet the income requirements, but is there a debt ratio requirement?
  • April 16 2013 - Bear
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Answers (2)

  • DSHA will provide up to $10,000 interest free and payments are deferred for 30* years.
  • You can use 100% of the SMAL loan to pay for the down payment, normal and customary closing costs, or reimburse yourself for other expenses incurred prior to closing, such as appraisal, application fees or earnest money down payment provided when you signed your sales contract.

  • * Payments are required beginning in the 361st month. The balance becomes due upon refinancing, sale, transfer of title or when the property is no longer the primary residence, whichever occurs first.

    here is a link http://www.destatehousing.com/HomeOwnership/hb_smal.php
  • April 17 2013
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Profile picture for Marcy OMalley
Contact a local lender to see if you qualify.
  • April 16 2013
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