Home Purchase Loan Highlights:

Clockwork Loan

• 100% mortgage financing
• NO mortgage insurance
• Low cost
• Below market interest rates

Teamwork Loan

• 80% mortgage financing with a local lender
• 20% 2nd mortgage financing with NODA
• NO mortgage insurance
• Low cost
• Below market interest rate

Specialty Home Purchase Loans:

Our specialty loan products offer the community a chance to get loans and loan terms that are very similar to the mortgage loans at traditional banks and credit unions.  Most important of all, our loans offer our community residents the opportunity to get an affordable loan – not a high-cost loan that may put their home at risk because of unforeseen circumstances.  Better interest rates, better loan terms, low cost closing costs and peace of mind are what our loans offer. 

The Relaxed Fit Mortgage

• $60,000 maximum loan amount
• 100% financing
• 1-2 unit properties
• Owner-occupied only

Making Waves

• Smooth Sailing in the Sub-Prime Market
• $200,000 maximum loan amount
• 100% financing\
• 1-2 unit properties
• Owner-occupied only
• Properties in NODA service area

Eight the Easy Way

• NODA’s Section 8 Voucher Assistance Loan
• $40,000 maximum loan amount
• Partnership with Lucas County
• Metropolitan Housing Authority
• Single-Family properties only
• Owner-occupied only
• Housing counseling education requirement

Qualification is required for all loans with NODA.