JustRate
JustRate allows a homebuyer to utilize a lower competitive interest rate offered through the Mortgage Revenue Bond (MRB) program without receiving down payment assistance.
FEATURES
- 30-year fixed rate mortgage (rates subject to change)
- Receive a lower rate than any other MRB Programs
- FHA insured, VA Rural Development, & Fannie Mae/Freddie Mac Loans
- No liquid asset limit
HOW DO I QUALIFY?
- First-time homebuyers or persons who have not owned a principal interest in a residence in the past 3 years
- Certain areas of the state, called “Target Areas” and veterans are exempt from the “first-time homebuyer” rule
- Households who are within the income guidelines for the county in which they purchase a home
- Credit qualify with a participating lender
- Property must be owner-occupied & principal residence
- Homebuyer education required