Conventional Mortgage Loans
The Community Lending Program is a transformative initiative designed to enhance access to homeownership and financial resources in underserved communities. As part of a fair lending initiative, this program aims to address systemic barriers to homeownership and promote economic inclusion. Advantage Lending is proud to help provide accessible and affordable financing options to those borrowers who may need help bridging the gap between traditional mortgage products and challenging financial realities.
Eligible buyers can receive up to $5,000 towards closing cost assistance and/or interest rate reduction. This program is part of an effort to make homeownership more attainable for low- and moderate-income households.
Since its inception, the Community Lending Program has facilitated significant strides in closing the homeownership gap. By offering financial assistance, expert guidance, and community-focused services, the program empowers individuals and families to achieve sustainable homeownership and build long-term wealth.
How do I Qualify?
- Homes financed with the Community Lending program must be in an eligible area. Ask your Loan Officer to confirm if a property is eligible.
- If the home is located in an eligible area, the approval process will work the same as any other standard mortgage financing.
- At this time, Advantage Lending’s Community Home Lending program is only available for North Carolina properties.
