MHC Announces New MRB Program: JustRate
MHC is excited to announce a new program called JustRate. The program will feature the opportunity for a homebuyer to utilize a competitive interest rate offered through the Mortgage Revenue Bond (MRB) program without receiving down payment assistance.
In short, this program offers JUST the RATE which will be lower than our other MRB program rates!
The program will follow the same MRB guidelines as Easy8 and Trusty10.
- Easy8 and Trusty10 eligibility & requirements
- Must be a first-time homebuyer (or not owned in three years)
- Must meet income limits
- Target areas and acquisition limits apply
- Homebuyer must receive Homebuyer Education
- Homebuyer must credit qualify with a lender
- This product will be sold to the servicer you use.
If you are already a participating lender with our other MRB programs, you will have immediate access to JustRate. If you are not an MRB participating lender but would like to be, you can find the steps here: https://www.mshomecorp.com/participating-lenders/how-to-become/
The program flyer can be found HERE.
The Mississippi Home Corporation was created by the State in 1989 to serve as the State’s Housing Finance Agency. In that capacity, MHC administers the Mortgage Revenue Bond program and the Housing Tax Credit program, among numerous other programs. MHC’s mission is to enhance Mississippi’s long-term economic viability by financing safe, decent, affordable housing and helping working families build wealth.
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