PrimeLending’s NeighborhoodEdge Program
The NeighborhoodEdge Program is designed to promote and assist with home-ownership in low and moderate income areas and to low-to-moderate income borrowers. This closing cost credit can offer your buyers the extra assistance they may need to purchase a home.
~ Property must be located in LMI (low and moderate income areas)contract area; and/or Income is less than 80% of the Area Median income. Also, the property must be within a PrimeLending assessment area.
If borrower meets both of the criteria above, buyers may be entitled to both subsidies (up to a maximum of $2,000).