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MHDC announces new low rates- Bond Money Cash Assistance Loan

By
Mortgage and Lending with Mortgage Investment Services Corporation NMLS# 879810

Missouri Housing Development Commission announced new rates for the First time Home buyers mortgage Cash assistance loan - its a bond loan program that allows 3% of the loan amount be given to the first time home buyer for down payment and closing costs.

 

Current rates are at 5.40, with 3% cash assistance, if the buyer has his own downpayment the rate would move to 4.90%

Metropolitan National Bank, is an approved lender through MHDC and have many years experience assisting first time home buyers with this program.

Currently with the shortage of USDA funds it is a great program to assist the first time home buyer.

Darren Stewart

Metropolitan National Bank

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