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CRA Home Improvement Loan Points - GENERAL HOME IMPROVEMENT CRA

  • NO CLOSING COSTS
  • NO FEES
  • NO EARLY PAYOFF PENALTIES
  • NOT A HOME EQUITY PRODUCT - this is an UNSECURED product.
  • Payments can be deferred for 90 days at the customer's request, which would alter the payment slightly.
  • Customer CAN use 1/2 of proceeds to pay off existing debts
  • If a customer would like to apply, applications can be taken over the phone.
  • ONE of the homeowners must be qualified with a minimum 620 FICO Score.
  • ONE of the homeowners must fall into a lower income bracket (of less than $53,000).
  • Customer must have maximum 45% Debt to Income Ratio (DTI).

TYPICAL SCENARIO:

$1,000 (3% FIXED) = $29.08/month for 36 months

$6,000 (6% FIXED) = $87.65/month for 84 months

$10,000 (6% FIXED) = $146.08/month for 84 months

CUSTOMER WILL HAVE CASH IN HAND USUALLY WITHIN 2 WEEKS FROM APPLICATION


NECESSARY DOCUMENTS REQUIRED FOR APPROVAL:

  1. 2 Recent Paystubs
  2. Previous Years' Tax Return
  3. Signed Certification Form (included in this packet for review)


CRA Home Improvement Loan Points - ENERGY EFFICIENT CRA

  • NO CLOSING COSTS
  • NO FEES
  • NO EARLY PAYOFF PENALTIES
  • NOT A HOME EQUITY PRODUCT - this is an UNSECURED product.
  • Payments can be deferred for 90 days at the customer's request, which would alter the payment slightly.
  • Customer CAN use 1/2 of proceeds to pay off existing debts
  • If a customer would like to apply, applications can be taken over the phone.
  • ONE of the homeowners must be qualified with a minimum 620 FICO Score.
  • ONE of the homeowners must fall into a lower income bracket (of less than $53,000).
  • Customer must have maximum 45% Debt to Income Ratio (DTI).

TYPICAL SCENARIO:

$4,000 (3% FIXED) = $116.32/month for 36 months

$15,000 (5% and 6% FIXED) = $214.37/month for 84 months

CUSTOMER WILL HAVE CASH IN HAND USUALLY WITHIN 2 WEEKS FROM APPLICATION


NECESSARY DOCUMENTS REQUIRED FOR APPROVAL:

  1. 2 Recent Paystubs
  2. Previous Years' Tax Return
  3. Job ESTIMATE
  4. Signed Certification Form (included in this packet for review)

...in some cases customers may be required to provide more stipulations but these are the typical scenarios...




Craftsman Custom Design provides quality home improvement with professional craftsmanship to Rochester, New York and surrounding areas. No job is ever sub-contracted. A family owned and operated business with 45+ years experience, quality trained employees, and a proven track record. Deal direct with working contractor!