3/2 Option Qualifications

(a)Grants and loans under § 4206.1 shall be limited to the following: Adjusted Income: Less than $34,335, $34,335 to $39,240, Qualifies For: Outright Grant, 5 Year Interest Loan, 3 Year Interest Loan, No Grant or Loan. $39,240 to $45,780, Over $45,780, Free Free

(b)Funding under § 4206.1 will be available only if the Financial Institution is a participant in the 3/2 Option program.

(c)All amounts above shall be reduced to the extent the applicant has available resources and any family gifts that may be applied to the Down Payment.