3: Community Reinvestment Act 3% Down Mortgage Program for First Time Home Buyers - 05/25/19 08:09 AM
3% Down Financing Available with no PMI... Census Tract Based Financing 
 
A CRA home loan is originated by a federally regulated bank or mortgage lender that is obligated to meet the requirements of the Community Reinvestment Act (CRA) of 1977. Some banks refer to these loan products as “portfolio loans.”   Typically the largest of the federally-regulated banks have created special CRA home loan programs that are designed to meet the needs of low and moderate income households in their service area.
To be eligible for a CRA home loan program the following are some examples of typical requirements across the various programs:
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