Statewide DREAM Fund Activity (August 2001-September 2008)
| Type |
# Loans |
Amt. Loaned |
Median Loan |
Median Rate |
Median Term |
Median Income |
| Down payment/ closing costs |
231 |
$1,060,993 |
$3,350 |
5.85% |
5 Years |
68% AMI |
| Rehabilitation |
85 |
$1,403,068 |
$14,500 |
5.95% |
10 Years |
73% AMI |
| Emergency Repairs |
8 |
$81,331 |
$15,000 |
5.25% |
9 Years |
52% AMI |
| Construction |
64 |
$2,069,105 |
$25,445 |
6.93% |
6 Months |
76% AMI |
|
Mortgage Assistance, including appraisal gaps |
261 |
$13,135,908 |
$37,050 |
5.80% |
30 Yearss |
70% AMI |
| All |
649 |
$17,750,406 |
$15,500 |
5.88% |
7 Years |
70% AMI |