Mortgage Revenue Bond

Mortgage Revenue Bond The Mississippi Home Corporation uses the sale of mortgage revenue bonds to help reduce costs for first time home buyers. Through this program, Mississippi borrowers receive a competitive mortgage rate and a second mortgage that helps pay closing costs and Mississippi down payments. All loans are 30 years at a fixed rate. There is cash advance for origination fee, closing costs and Mississippi down payments. The home’s purchase price must fall within cost limits for the county in which the property is located, and the Mississippi borrower must have a $200 non refundable reservation fee.

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