Step one would be to complete the employee affidavit setting certifying that ‘s the basic family youre looking to purchase inside forty miles regarding university. The newest treasurer’s work environment tend to establish qualification and you can hook you to definitely a mortgage administrator during the acting financial of your employee’s going for. After an offer with the a house has been accepted, brand new participating bank commonly alert the brand new treasurer’s work environment due to the fact number 1 home loan into the a home has been approved.
An abundance of affairs, together with an extreme houses scarcity when you look at the loans Dacono CO Maine and higher financial costs, has actually joint to really make the regional real estate ecosystem most challenging getting first-big date home buyers.
An employee by yourself otherwise a member of staff with their partner otherwise residential partner possibly from just who have not previously owned a primary household inside 40 (40) miles regarding Bowdoin’s Brunswick university within the past four (5) years.
The school usually reevaluate industry requirements and comment the prosperity of new forgivable loan program even as we approach the a couple-seasons anniversary, however, we do not greet your system commonly stretch past .
Faculty and you may teams is do their particular look to the financial rates and you can apps offered by for each and every bank because of their number 1 financial financing prior to an option.
