MHDC Interest Rates Change July 1, 2011
MHDC is lowering the mortgage interest rates offered to first-time homebuyers; the rates listed below are effective July 1, 2011. As a reminder, MHDC funds are continuously available for first-time homebuyers.
Rates effective July 1, 2011, are below.
Cash Assistance Loan (CAL):
Government Program: 5.00%
Conventional Program: 5.20%
Non Cash Assistance Loan (Non CAL):
Government Program: 4.50%
Conventional Program: 4.70%