2017 MORTGAGE CREDIT CERTIFICATE PROGRAM GUIDE

The First Place Program (“FP”) is a first-time homebuyer program that provides down payment assistance (“DPA”) using FHA financing. The program allows for DPA in an amount not to exceed six percent (6%) of the lower of the purchase price or appraised value. The DPA is being offered by IHCDA as a forgivable second mortgage. There are no monthly mortgage payments or … ................
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