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MHDC Homeownership

MHDC Homeownership
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Next Step Program Mortgage Rates                                         First Place Program Mortgage Rates
Effective date: 12/13/2018                                                           Effective date: 12/13/2018
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 - 4.625%                                                          NON CAL – 4.50%
Next Step OA (Opportunity Area) CAL - 5.875%                              Targeted CAL – 4.50%
Next Step OA (Opportunity Area) NON-CAL - 4.50%                        Targeted NON CAL – 3.75% 
 
Conventional Loans:                                                                  Conventional Loans: 

Next Step Conventional CAL - 6.375%                                            CAL– 5.45%
Next Step Conventional NON-CAL - 5.125%                                     NON CAL – 4.70%
Next Step OA Conventional CAL - 6.25%                                        Targeted CAL – 4.95%
Next Step OA Conventional NON-CAL - 5.00%                                Targeted NON CAL – 4.20%

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