Can I refinance my mortgage in the future?

Yes, the homeowner is allowed the opportunity to refinance their home as long as the new loan does not exceed the current principal payoff amount plus closing costs and the new housing payment does not exceed affordable guidelines. A processing fee of $280 is due at the close of escrow. View information on refinancing requirements (PDF)

A Release of First Lien Information Form (PDF) is to be included in the preliminary approval package outlined under the terms for refinancing.

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1. Can I put my name on a waiting list?
2. How much down payment is required to purchase an affordable unit?
3. Does the 3% down payment also cover my closing costs?
4. Am I allowed to use funds that were given to me for a down payment?
5. Do I have the choice of selling my unit once I have purchased it?
6. Who and how is the sales price of an affordable unit determined?
7. Can I refinance my mortgage in the future?
8. Can I use my own lender?
9. What do I need to provide in order to qualify?
10. What are the income guidelines?