Bond Programs are community based mortgage loan programs that Gulf Coast Bank & Trust Co. participates in. Typically the Bond programs are designed to help meet the housing needs of low-to- moderate income applicants. The programs are typically designed for first time homebuyers with rates that are usually below the current market. Some benefits of a Bond Programs are:
- Down payment assistance is often available to qualified applicants
- Lower interest rate
- Generally less stringent credit requirements
- Closing costs assistance may be available
Contact a local mortgage lender today to learn more.