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MHDC Homeownership

MHDC Homeownership
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Next Step Program Mortgage Rates                                  First Place Program Mortgage Rates
Effective date: 12/09/2019                                                    Effective date: 12/09/2019
Effective time: 9:00 AM                                                         Effective time: 9:00 AM
 
Government Loans:                                                             Government Loans: 
 
Next Step Govt CAL - 4.675%                                                 First Place Govt CAL – 3.50%
Next Step Govt NON-CAL - 3.375%                                         First Place Govt NON CAL – 2.75%
Next Step Govt OA (Opportunity Area) CAL - 4.50%                 First Place Govt Targeted CAL – 3.50%
Next Step Govt OA (Opportunity Area) NON-CAL - 3.25%       First Place Govt Targeted NON CAL –2.75% 
 
Conventional Loans:                                                           Conventional Loans: 

Next Step Conventional CAL - 4.875%                                   First Place Conventional CAL– 3.70%
Next Step Conventional NON-CAL - 3.875%                             First Place Conventional NON CAL – 2.95%
Next Step Conventional OA CAL - 4.75%                              First Place Conventional Targeted CAL – 3.70%
Next Step Conventional OA NON-CAL - 3.75%                      First Place Conventional Targeted NON CAL – 2.95%

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