MHDC has announced that they have moved to a continuous funding model, so they have funds for both the cash assistance and non cash assistance continuously, no longer do we need to worry about whether a particular bond issue has funds available.
This is a great source of funds for first time home buyers- 3% of the loan amount is given as a forgivable second mortgage to be used for down payment and / or closing costs. For more information you can check out my previous blog post or go directly to www.mhdc.com.
Darren Stewart
Metropolitan National Bank
417-874-7331
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