Please be advised the Housing Finance Commission expects to announce funding for a below-market House Key Opportunity Program on or about May 1, 2014. A formal announcement will go out upon program launch.
The total amount of funds for this proposed program is dependent on housing revenue bond market conditions and the program may be withdrawn at any time after funding availability is announced.
We anticipate a potential pool of funds up to $25 million, but this too can increase or decrease based on market conditions.
Proposed Interest Rates:
3.50% - 1% origination for FHA, VA
3.75% - 1% origination for Conventional loans
90 days – existing construction (through loan purchase)
120 days – new construction (through loan purchase)
· No Waiting List will be taken once the program is terminated.
· Funds are expected to go quickly.
30 years fixed
If you are interested, please contact me immediately so I can put you in contact with the best lender topre-qualify you and have you complete the required home buyer education (can complete class online). These funds will go VERY quickly so we would need to move fast once the funds are available on or about May 1st. Income and purchase price limits apply.