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Homeownership >  First-time homebuyers and veterans

 

  

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2011 Top-Producing Lenders 2011 Top-Producing Loan Officers Contact
Us		 First Place
Brochure		 Get Started Now PreQual Online!

 

To apply, please contact a certified lender or start the process now online.

 

The First Place Loan program gives first-time* homebuyers and qualified veterans the edge they need to purchase a home.  Affordable interest rates, in combination with additional incentives offered by MHDC, allow prospective buyers to obtain mortgage financing in a competitive market.

 
Types of First Place Loans

 

bullet Cash Assistance Loan (CAL) provides cash assistance to first-time homebuyers for down payment and closing costs.

 

bullet Non Cash Assistance Loan (Non CAL) provides first-time homebuyers who do not need down payment and closing cost assistance a lower interest rate.

 

  

 

 

 

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* First-time homebuyers are defined as those persons who have not owned a home or had an ownership interest in a primary residence for the past three years.

 

 

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