| The Mortgage Revenue Bond Program provides an attractive 30-year fixed rate mortgage at below market rates for homebuyers who qualify for eligible FHA, VA, Fannie Mae, and Freddie Mac conventional loans.
The buyer must not have owned a home in the past three years and must qualify to borrow from a participating lender. The home, whether new or previously owned, must become their primary residence. An MRB loan can be combined with the ADOH Down Payment and Closing Cost Assistance program, but not with the MCC. Certain income and purchase price limits apply. |
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