| Table 2. AFP Program Profiles FY 2008 | |||||
| State | Loan Models | Range of Loan Amounts | Interest Charged to Borrower | Repayment Terms | Loan Guarantee Requirements |
| Ala | Guaranteed Loan | Up to -$35,000 | 6% | Up to 10 years | 100% |
| Ariz. | Guaranteed/Interest Rate Buy-Down Loan | $500 - $10,000 | 4% - 10.25% | 1 - 4 years | 100% |
| Ark. | Revolving Loan | $500 - $50,000 | 5% | up to 20 years | n/a |
| Del. | Guaranteed Loan, | $500 - $30,000 | 4% - 13.74% | 2 to 15 years | 100% |
| Interest Rate Buy-Down, | |||||
| Guaranteed/Interest Rate Buy-Down | |||||
| Fla. | Guaranteed Loan, Non Guaranteed Low-Interest Loan | $3,000 - $30,000 | 5.25% - 8.25% | 2 - 6 years | 50% -100% |
| Ga. | Guaranteed Loan | $300 - $60,000 | 5% - 6.9% | 1 - 8 years | 15% secured, 40% unsecured |
| Guam | Guaranteed Loan | $100 - $3,000 | 2.25% | 1 - 5 years | 100% |
| Ill. | Guaranteed Loan, | $500 - $40,000 | 5.50% | 1 - 15 years | 66% |
| Principal Buy-Down Loan | |||||
| Iowa | Revolving Loan, | $500-$10,000 (D); No minimum – No maximum (G) | 2% | No minimum - no maximum | Variable – based on collateral |
| Guaranteed Loan | Determined by Bank | No minimum -6 years | |||
| Kan. | Revolving Loan, | $500-$50,000 | 4% - 8% | 1/2 year to 10 years | 100% |
| Guaranteed Loan | |||||
| Ky. | Guaranteed Loan | $500 - $25,000 | 4.5% -5.5% | 1 - 9 years | 100% |
| La. | Guaranteed Loan, | $500 - $50,000 | Prime + 1% - Prime + 2% | 3 - 7 years | 35% |
| Non Guaranteed Low Interest Loan | |||||
| Maine | Revolving Loan | $250 - $100,000 | 0% - 2% below Prime | 1 – 20 years | n/a |
| Md. | Guaranteed Loan, | $500 - $50,000 | 4% - 11.49% | 1 - 7 years; | 33% |
| Interest Rate Buy Down Loan, | up to 10 years for home equity loan | ||||
| Guaranteed/Interest Rate Buy-Down Loan, | |||||
| Preferred Rate Non Guaranteed Loan | |||||
| Mass. | Interest Rate Buy Down Loan, | $500- No maximum | 4.5% - 6% | 2 - 10 years | 100% |
| Guaranteed Interest Rate Buy-Down Loan | |||||
| Mich. | Guaranteed Loan | up to $30,000 | 4.75% - 9.75% | 1 - 7 years | 100% |
| Interest Rate Buy-Down Loan | |||||
| Minn. | Revolving Loan | $2,000 – No maximum | 2% - 4.75% | 1 – 6 years | 100% |
| Guaranteed Loan | |||||
| Mo. | Revolving Loan | $500 - $10,000 | 2% - 4% | No minimum – 5 years | n/a |
| Neb. | Guaranteed/Interest Rate Buy-Down Loan | $1,500 - $50,000 | 2.75% - 6.25% | 2 - 10 years | 25% - 100% |
| Nev. | Guaranteed Loan | Up to - $20,000 | Prime - 8.67% | Up to 7 years | 50% |
| N.M. | Guaranteed Loan, | $500 to $20,000 | CD rate plus 2% | 1/2 - 15 years | 100% |
| N.D. | Guaranteed Loan | $500 - $50,000 | 1% under Prime - Prime | 1-7 years | 100% |
| C.N.M.I. | Guaranteed Loan | $200 - $20,000 | 8% | 1 – 7 years | 100% |
| Okla. | Guaranteed/Interest Rate Buy-Down Loan, | No minimum - No maximum | 5% | up to 5 years | 100% |
| Non-Guaranteed Low Interest Loan | |||||
| Pa. | Revolving Loans, | $100 - $60,000 | 0% - 6% | up to 10 years | 100% |
| Interest Rate Buy-Down Loan; | |||||
| Guaranteed/Interest Rate Buy-Down Loan | |||||
| S.C. | Guaranteed Loan, | $500 - $30,000 | 5% - 12% | 1/2 - 7 years | 33% - 100% |
| Non-guaranteed Low Interest Loan | |||||
| V.I. | Interest Rate Buy-Down Loan | $300 - $15,000 | 4% | 1 - 5 years | 100% |
| Utah | Guaranteed Loan, | $500 - $55,000 | 2.5% - 5.71% | 2 - 5 years | 0% -100% |
| Interest Rate Buy-Down Loan, | |||||
| Guaranteed/Interest Rate Buy Down Loan, | |||||
| Non Guaranteed Low Interest Loan | |||||
| Vt. | Interest Rate Buy Down Loan | $300 – $50,000 | 3% - 8% | 1/2 - 15 years | 100% |
| Va. | Revolving Loan, | No minimum – No maximum | Prime minus 4% - 5% | 3 - 10 years | 30% |
| Guaranteed Loan, | |||||
| Interest Rate Buy-Down Loan, | |||||
| Guaranteed/Interest Rate Buy Down, | |||||
| Non Guaranteed Low Interest Loan | |||||
| Wash. | Revolving Loan | $250 - $10,000 | 4.75% - 6.00% | up to 5 years | n/a |
| Wis. | Guaranteed Loan | $1,000 - $50,000 | 6.50% | 1 - 10 years | 0% |
| Wyo. | Guaranteed Loan, | $500 - $25,000 | Prime | up to 6 years | n/a |
| Interest Rate Buy-Down Loan | |||||
| Source: AFP Program Data FY 2008 | |||||