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Short-term cash to enable a member to close on the anticipated purchase
of a new primary home before the sale of their current residence. Applicants
must have contracts on both properties with all outstanding contingencies
satisfied.
- Low rate fixed offered in 30-day increments
- Single payment due in 60 days
- Available for properties in MD, VA, WV, DE, PA or DC
- Loan amounts from $35,000 up to $500,000 (90%
of the contract price of home being sold minus any liens)
- No prepayment penalty
- No origination fee
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