Real Estate Terms |
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| Three/two (3/2) option | An alternative financing plan that enables households whose earnings are no more than 115 percent of the median income in their regional area to make a 3 percent down payment with their own funds, coupled with a 2 per cent gift from a relative or a 2 percent grant or unsecured loan from a nonprofit or state or local government program. | |
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| Glossary V2.0 | ||
