ACCESS is a
second mortgage product that provides for downpayment and closing costs of up to 5% of the
Area Median Income. The interest rate on the 30-year fixed rate first mortgage is based on
the current market rate and the 20-year second mortgage rate is fixed at 7.5%.
Homebuyers who wish to use the ACCESS 2nd mortgage must have incomes of
no more than 100% of the Area Median Income. ACCESS is available in certain California
counties, Clark and Washoe Counties in Nevada, and Carson City, Nevada. Check the
Participating Counties icon to view California counties in which ACCESS is available. |
