Below Market Rate Programs

"Community Revitalization Act," commonly known in the banking industry as "CRA," could save you thousands of dollars over the course of your mortgage if you qualify.

Certain banks offer below-market rates to homebuyers when they meet ONE of the following criteria:

1. The home being purchased is located in a designated CRA census tract.

2. The borrower's income is less than a certain percentage of the average income per household for the County they are purchasing in.
   

As one of the leading mortgage brokers in New York, Americana Mortgage Group, Inc. has access to all special CRA programs available and can bring your loan to the bank with the most aggressive CRA pricing at the time of your application.

To see if you qualify, call (516) 627-0200, ext. 21. One of our CRA specialists will help you determine if you are eligible.