Bank Offers Special Home Loan Program
Chase Manhattan is making $50 million available for mortgage loans over the next two years to increase the number of homeowners in low- and moderate-income neighborhoods of Los Angeles County, the company announced Tuesday.
Chase Manhattan Mortgage Corp. and Chase Manhattan Bank are backing the program with the Los Angeles Urban League and Operation HOPE, a nonprofit investment banking organization.
The South Los Angeles organizations will recruit, counsel and help finance potential home buyers with as little as 2% down.
Information: (213) 299-9660.
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