- Primary single-unit homes
- Double-wide manufactured homes
What is a CDFI Loan?
The CDFI program uses federal funds to promote affordable mortgage lending to low-income and under-served borrowers who qualify.
Because CDFI loans are backed by federally secured funds, Lake Area Mortgage can offer mortgages to people that may not qualify for a traditional mortgage. The program is designed to benefit people with an imperfect credit history or limited income. The goal is to help as many people as possible own a home. It’s just another way Lake Area Mortgage is committed to creating a positive impact in the lives we touch. Ask about our CDFI program today!