Because we increase the eligibility requirements so that you can earn up to 100% of the area median income in our home initiatives to qualify for this program. You heard me mention that The new One Philly Mortgage program...provides a 30 year fixed rate loan with a low down payment, very low interest rates and removes the need for private mortgage insurance. And the city will work with financial institutions to create a more user friendly mortgage product and you can earn up to 120% of the area median income so that you can qualify. (11:44–11:48)
CLAIM
Asserts that the One Philly Mortgage program offers favorable mortgage terms.
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