HOPE

Home Ownership Program for Elderly

For Elders wishing to purchase a home.

    • This program is essentially the HOP program, with modifications on the terms of the loan. Applicant must be an elder , 62 years of age or older.
    • The mortgage is for 10 years at 4% with a MMP of $150 or 15% AGI. However, there is no hold placed on amortization should the homebuyer fall below the MMP.

      To be eligible for the HOPE program the applicant must:

          • Meet all requirements for the HOP Program
          • Be 62 years of age or older