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MHDC Homeownership

MHDC Homeownership
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Next Step Program Mortgage Rates                                         First Place Program Mortgage Rates
Effective date: 10/23/2018                                                           Effective date: 10/23/2018
Effective time: 9:00 AM                                                                Effective time: 8:00 AM
 
Government Loans:                                                                   Government Loans: 
 
Next Step CAL - 6.00%                                                                  CAL – 5.25%
Next Step NON-CAL - 4.875%                                                        NON CAL – 4.50%
Next Step OA (Opportunity Area) CAL - 5.875%                              Targeted CAL – 4.375%
Next Step OA (Opportunity Area) NON-CAL - 4.75%                        Targeted NON CAL – 3.625% 
 
Conventional Loans:                                                                  Conventional Loans: 

Next Step Conventional CAL - 6.25%                                             CAL– 5.45%
Next Step Conventional NON-CAL - 5.25%                                     NON CAL – 4.70%
Next Step OA Conventional CAL - 6.125%                                      Targeted CAL – 4.70%
Next Step OA Conventional NON-CAL - 5.125%                               Targeted NON CAL – 3.95%

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