LIFT Community Action Agency (NMLS #344203) provides residential loan services to residents in our housing service area. Residential Loans are for the purpose of purchasing a home, for assistance with down payment and closing costs, or for making home improvements to an existing home. Although LIFT CAA seeks to serve low-income individuals/families, you do not have to meet low income guidelines to borrow money for eligible activities through our loan programs.
LIFT Community Action Agency, Inc. has been operating loan programs since 1995. In 1997, through a partnership with NeighborWorks America, we established ourselves as a First Mortgage Financer which allows us to make residential loans for homebuyers. Our loan terms (interest rates, length of loan, loan origination fees, etc.) are consistent with local lending institutions and mortgage companies. In addition to providing and servicing loans, LIFT CAA CAA also packages residential loans for participating lenders and USDA/Rural Development.
Loan amounts range from a thousand dollars to several thousand dollars, depending on type of loan, credit scores, collateral and other factors. LIFT CAA CAA’s loan programs operate in partnership with the following organizations/programs.
- USDA/Rural Development’s Section 502, 504 and Guaranteed Loan Programs
- NeighborWorks America
- Participating Lenders
If you are interested in learning more about our residential loan programs and products, please contact us today.