I am purchasing a condo with mandatory country club membership and fees. May I use PEG funds to finance these expenses?

No - costs related to country club memberships are not a permitted use of county funds and must be paid with borrower’s funds. Details of limits to common closing costs are in the Program Information document in the application packet. All fees are subject to Loan Committee final approval.

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1. I read in the guidelines that there is a service fee of $200 required for the program. How do I get payment to the county?
2. How soon can we go to settlement after approval?
3. My lender said that I could possibly get my earnest money deposit back at closing. Is this allowed?
4. I am purchasing a condo with mandatory country club membership and fees. May I use PEG funds to finance these expenses?
5. What if I want to refinance in the future to get a lower rate?
6. What if I decide to sell my home or I end my employment?