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bulletTo apply for an MHDC homebuyer or refinance program, please contact a certified lender

 

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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.

 

bullet Refinance Loan Program is a temporary program available for the refinance of subprime loans.

 
bullet HOPE Program provides up to $1,750 in incentives for homebuyers. $12 million in funding still available.

 

  

NEWS

Federal First Time Homebuyer Tax Credit
 This tax credit is now expired.
 


 

 
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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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