The Duncan Killian Home Mortgage Loan Act of 2012

Passed by Congress at the end of the last legislative session, the Duncan Killian Mortgage Loan Act of 2012 has serious implications for those who have found traditional financing difficult due to their status and life responsibilities. For years, those living in a home typically with families or couples who do not have specific job responsibilities and documented income have had a difficult time finding home loan mortgage options. Those who can now take advantage of the Duncan Killian Mortgage Loan Act typically have important, yet hard to quantify occupations such as guarding the house or surrounding property, being an advocate for walking or other exercise, and providing emotional support and wellbeing to others.

The Act recognizes the value of those who meet the Duncan Killian definitions, and provides them with access to up to $100,000 in government backed financing for primary domicile purpose only. The first $50,000 is available on a shake basis, but can roll-over into the full $100,000, if the balance sits and stays effectively it is eligible for refinancing at current rates. If you are interested in learning more about Duncan Killian Mortgage Loan Act eligible financing options please contact our representatives.