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MHDC Homeownership

MHDC Homeownership
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Next Step Program Mortgage Rates           First Place Program Mortgage Rates
Effective date: 8/23/2019                                                   Effective date: 8/23/2019
Effective time: 9:00 AM                                                      Effective time: 9:00 AM
 
Government Loans:                                                             Government Loans: 
 
Next Step Govt CAL - 4.875%                                                 First Place Govt CAL – 3.80%
Next Step Govt NON-CAL - 3.375                                            First Place Govt NON CAL – 3.05%
Next Step Govt OA (Opportunity Area) CAL - 4.75%                 First Place Govt Targeted CAL – 3.80%
Next Step Govt OA (Opportunity Area) NON-CAL - 3.25%         First Place Govt Targeted NON CAL –3.05% 
 
Conventional Loans:                                                           Conventional Loans: 

Next Step Conventional CAL - 5.00%                                      First Place Conventional CAL– 4.00%
Next Step Conventional NON-CAL - 3.875%                             First Place Conventional NON CAL – 3.25%
Next Step Conventional OA CAL - 4.875%                                First Place Conventional Targeted CAL – 4.00%
Next Step Conventional OA NON-CAL - 3.75%                          First Place Conventional Targeted NON CAL – 3.25%

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