There are borrowers who:

• Are interested in purchasing a property that needs repairs
• Are existing homeowners who need funds to rehabilitate their property
• Want to save time and money by financing the purchase or refinance with the cost of the repairs
• May not qualify for a conventional loan
• Have low-to-moderate incomes
• Are first-time homebuyers
• Live in disadvantaged neighborhoods
• Have credit blemishes or low credit scores
• Have limited cash for down payment or closing costs and want to improve their home and neighborhood