| Dear
Realtor,
Do
you have houses listed that are a hard sell because
of their age and condition?
These
fix them up houses which would be great bargains for
first time homeowners but they can not get conventional
or MSHDA financing without major repairs. Without the
financing the buyers cannot afford to make the repairs
- Catch 22!
The
Neighborhood Investment Corporation offers the only
mortgage in the area that can provide financing for
both the purchase of the house and the repairs.
The
Neighborhood Investment Corporation is a non profit
organization whose mission is to provide affordable
financing for first time owners and to revitalize our
older neighborhoods by saving the housing stock. We
established the NIC Mortgage in 1994 in partnership
with six area banks to provide financing for these special
and difficult projects. We also can use public funds
to create forgivable or deferred payment loans for moderate
and low income customers to keep their housing costs
affordable.
Dowload
the Application
in PDF format here...
The
Neighborhood Investment Corporation staff would be happy
to make a presentation to your sales staff at any time
or answer any questions you might have. Please give
us a call at 231.727.0809.
Tim Burgess
Executive Director
|
