10 Station Drive < Rental Opportunities Wyandanch Village, Building E 10 Station Drive 124 Units Application Contact Us

24123719-ba1f-48b0-83ee-654f5a3695a3 Home How We Can Help Details Qualifications Max Purchase Price allowed is 500K. Loan amount (25K – 50K) and interest (4% or 6%) vary with household income. Term = 30 years max Second lien position & title insurance required on all loan amounts. No loan fees will be built into the loan amount. Borrower to pay the loan fees at closing Homebuyer education from CDLI is required Loan disbursement at closing., if down payment At least 51% of the loan must be used for repairs. Loan fees: $120 application fee $125 processing fee 1% origination fee 10% supervision fee calculated on the basis of the total construction/rehabilitation amount Applicant can be under contract before applying for the loan A signed contract with the winning contractor is required Bidding process managed by CDLI Contact Info Phone : (631)-471-1215 ext. 1510 or 1930 Email : HomeLoan@cdli.org Disclosure We are a nonprofit exempt mortgage banker. Loans are arranged through third-party vendors. CDLI Funding Corporation is a Fair Housing and Equal Opportunity lender. See If You Qualify Apply Today! Apply Now Acquisition & Rehabilitation Loan Product This loan has a down payment portion and a rehabilitation portion to acquire and repair a property.