Covenant Community Capital Corporation - Smart-Savings IDA Program
Covenant Community Capital Corporation - Smart-Savings IDA Program
Program Category
Additional Options
Max Amount
Up to $2,000
Agency Website
Contact Info
Covenant Community Capital Corporation
Paulina Serrano at 713-223-1864 ext 10 or paulina@covenantcapital.org
Paulina Serrano at 713-223-1864 ext 10 or paulina@covenantcapital.org
Program Details
Buyer contribution type
None
Income calc method
First mortgage types
Freddie Mac,Freddie Mac Home Possible,Fannie Mae,Fannie Mae HomeReady,FHA 203(b),VA
First mortgage terms
Fully Amortizing,Fixed Rate,30-year
Property types
Single Family Detached
Repayment triggers
Loan Forgiveness
Program Guide
http://www.covenantcapital.org/Program Description:
https://www.covenantcapital.org/buying-budgetingFlyer:
https://www.covenantcapital.org/downloads/Program-Information.pdfEnrollment Form:
https://www.covenantcapital.org/downloads/Prize-Linked-IDA-Enrollment-Form.pdfLimitations
Open a no-cost Individual Development Account (IDA)
Minimum Monthly Savings Deposit: $20+ Potential client must be able to make monthly deposit from earned income.
Must have Social Security number or ITIN.
Must be working part/full time or receiving SSDI/SSI/retirement.
If you received only government benefits your monthly current income must be at least $1,500
You must be 18 or more years of age with a Social Security Number or ITIN.
Minimum Monthly Savings Deposit: $20+ Potential client must be able to make monthly deposit from earned income.
Must have Social Security number or ITIN.
Must be working part/full time or receiving SSDI/SSI/retirement.
If you received only government benefits your monthly current income must be at least $1,500
You must be 18 or more years of age with a Social Security Number or ITIN.
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