MHDC 2008A 6.46% Cap 5.99% Non-Cap

The MHDC has announced rates for the 2008A Bond Issue.  With the 3% state grant the rate will be 6.46% and without the grant the rate is 5.99%.  The bond issue is for $50,000,000.   There have been some changes having to do with closing cost.  Fannie Mae will no longer waive their pricing adjustments.  The program still has very aggressive interest rates and you cant beat getting 3% free money!  $50,000,000 will go fast.