CAPITOL FEDERAL SAVINGS
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Special financing Program, for Low Income Census Tracts

Loan Type:              30 Year Fixed Rate Loan (ARMS are not available)

Maximum LTV;        100%**

Eligible Transactions:     Purchase Only

Debt to  Income Ratio     33/38

Rate:                     1/2% below current Capitol Federal's market rate

Credit History:           Credit Scores must equal 620 or greater for each borrower
(Loans without credit scores will be evaluated case by case)

Income:                 No requirements

Eligible Property:         Detached owner occupied single family, ½ duplex,
located in Low Income Census Tract

Qualifying Census Tracts; 6, 8, 9,18 and 26
Cash Reserves:   2 months of borrowers own funds

Mortgage Insurance:      Required, 35% coverage (GE Capital Only)

Real Estate Owned:       None at time of closing
Home Buyer Education:   Required (Mennonite Housing or Community Housing Services only)

Reduced Fees:          $150.00 application fee, $150.00 appraisal fee
No Underwriting fee

Seller Contribution for
Closing Costs:            Up to 3% of sales price to include prepaid
Gifts:                      From Parent or Relative to cover closing cost including prepaids

Foundation Grant:        3% of sales price (maximum $ 1500.00)

**100% Financing based on 3% down payment gift from
Capitol Federal Foundation not to exceed $1,500.00

Other restrictions may apply

 Click here to download the map (PDF)