Down payment or closing costs assistance
If your total household income is less than $53,7001 a year and you have a credit score of 650 or better, you may qualify for our specialized Mortgage Loan Program2 offering:
- Competitive rates
- No mortgage insurance requirement (PMI - That’s the insurance financial institutions traditionally require individuals to pay if they do not have a 20% down payment)
- A grant offering up to $3,0003 per household to help with down payment and/or closing costs is available to qualified applicants.
- Required down payment of only 3%
Contact Lisa Ashby, CRA Mortgage Lender (NMLS ID 1189165) with Quad City Bank & Trust at 563.468.6276 to learn more and apply. Or simply fill out the form below and Lisa will contact you.
1 Current income level is determined by Housing and Urban Development for Scott or Rock Island County for a family of 4.
2 The loan information is an overview. Please contact our CRA Mortgage Lender to discuss all the details and guidelines of our Mortgage Loan Program and down payment/closing costs grants offered. Interest rates and program guidelines are subject to change at any time. All applications are subject to credit approval.
3 Grant(s) for down payment and/or closing cost assistance vary by household income, household size and geographic location.