• Restrictions toward being qualified People have to meet the program’s earnings recommendations therefore have to continue to be at your home to own 10 years to avoid being forced to pay back the Talladega Springs loans help amount. Once they offer prior to 10 years, they will have to repay an effective prorated amount according to the day he’s remained home. Once they book our home out or sell inside the first two many years, they have to repay the loan and you may spend an extra $5,000 penalty. Consumers must lead $step one,000 of their own loans towards the the acquisition and can’t keeps over $15,000 in liquid assets immediately after closing. Buyers must sit-in good homeownership group and you may fill out the fresh new certification which have the application material or a receipt proving the course has begun. Continue reading The money are supplied due to the fact a no-attention, deferred financing →