Low interest rate financing. Geared towards low to middle income borrowers who intend to live in the property for several years. Bonds are issued by the state or county and are government backed. Discount points on most Bond Loans. Participant can not have had ownership interest in any property in the past 3 years. Income limits are $47,300 for a family of 1-2 people, and $53,395 for a family of 3 or more. Based on income and credit, down payment assistance may also be available. Most require participant attend a Homebuyers Education Course ( available through Consumer Credit Counseling Service at no cost ). Some programs offer down payment assistance with additional guidelines. Financing programs include Conventional, FHA, and VA and borrower must meet the underwriting guidelines of the program they have chosen. No Doc Stamps on the mortgage or Intangible Tax at closing on these loans. Borrower can not rent property at any time while under the Bond Program. Recapture Tax may apply if property in sol