MHDC’s CAL Cash Assistance loan rate is now 4.5 percent!

First-time home buyers receive a forgivable 3% cash assistance loan for down payment and closing costs.

Program Highlights:

  •  3% Cash Assistance Loan (CAL) can be used for down payment and closing costs.
  • CAL is forgivable after 5 years of occupancy.
  • 30 Year Fixed Rate Mortgages & Competitive Rates.
  • CAL can be used with FHA, VA and USDA Rural Development loan programs.
  • First time home buyer requirement only applies to the last three years.
  • Loan is assumable for an MHDC-qualified borrower in an FHA, VA or USDA-RD loan program.
  • Eligible owner occupied properties include: Single-Family Detached, Duplexes, Semi-Detached, Condominiums, Town Homes.

The Missouri Housing Development Commission (MHDC) provides a competitive interest rate on a safe 30-year fixed rate 1st mortgage. Your 3% advance loan is treated as a 2nd mortgage completely forgivable after five years of continuous occupancy.

Learn more about the first time homebuyer “Cash Assistance” loan by going to http://www.box.net/shared/js648pe7qau764p7an4l or go to www.mhdc.com .

**MHDC Cash Assistance Loan/FHA financing 4.564% Annual Percentage Rate, loan-to-value 96.5%, 680 credit score, includes 1.0% UFMIP. MHDC CAL is a 3% forgivable, 5-year, 2nd mortgage. MHDC household income limits apply. Rates are subject to change.

St. Louis MORTGAGE INTEREST RATES for August 24, 2011:

  • Conventional 30-Year Fixed 4.125%/ 4.375% APR
  • Conventional 15-Year Fixed 3.375%/ 3.495% APR
  • Conventional 5/1 ARM 3.125%/ 3.027% APR
  • FHA/VA 30 Year Fixed 4.00%/ 4.564% APR
  • Jumbo 5/1 ARM 3.125%/ 2.845% APR
  • Jumbo 15 yr Fixed 3.750%/ 3.875% APR
  • Jumbo 30 yr Fixed 4.875%/ 5.125% APR

*The above mortgage rates are based upon an 80% LTV, o/o single family with FICO scores of 720.

Paramount Mortgage is a locally owned Mortgage Banker; we just celebrated our 40th anniversary. Great rates and programs are secondary to what is most desired in a lender relationship. The most sought-after aspects in this industry cannot be easily translated onto paper…learn more about us here.

For more information or if you have questions on mortgage rates you may contact me by phone at my direct line, (314) 372-4319, email at rfishel@paramountmortgage.com or you can visit our company website at http://www.paramountmortgage.com.

Print Friendly, PDF & Email

47 comments to MHDC’s CAL Cash Assistance loan rate is now 4.5 percent!

  • … [Trackback]

    […] Read More Information here to that Topic: stlouisrealestatenews.com/real-estate-market/mhdcs-cal-cash-assistance-loan-rate-is-now-4-5-percent/ […]

  • … [Trackback]

    […] Information to that Topic: stlouisrealestatenews.com/real-estate-market/mhdcs-cal-cash-assistance-loan-rate-is-now-4-5-percent/ […]

  • Fine way of describing, and nice piece of writing to take data concerning my presentation focus, which i am going to deliver in academy.

  • Hello very cool web site!! Guy .. Beautiful ..
    Amazing .. I will bookmark your website and take the feeds additionally?
    I am happy to seek out a lot of useful info here in the put up, we want work out
    extra strategies in this regard, thanks for sharing.
    . . . . .

  • I’m really enjoying the design and layout of your blog. It’s a
    very easy on the eyes which makes it much more pleasant for me to come here and visit more often. Did you hire out a designer
    to create your theme? Excellent work!

  • Yes! Finally something about ps4 games.

  • I like the valuable information you provide for your articles.

    I’ll bookmark your weblog and test again right here frequently.
    I’m moderately sure I’ll be told many new
    stuff proper right here! Good luck for the following!

  • We’re a group of volunteers and starting a new scheme in our community.

    Your web site provided us with valuable information to work on. You’ve done a formidable
    job and our whole community will be grateful to you.

  • Have you ever thought about adding a little bit more than just your
    articles? I mean, what you say is fundamental and everything.
    But just imagine if you added some great visuals or video clips to give your posts more, “pop”!
    Your content is excellent but with images and clips, this site
    could certainly be one of the greatest in its field.
    Great blog!

  • I go to see daily some web sites and websites to read content, except this webpage gives
    feature based articles.

  • It’s very simple to find out any topic on net as compared to books,
    as I found this article at this website.

  • excellent put up, very informative. I ponder why the opposite specialists of this sector don’t realize
    this. You must proceed your writing. I am confident,
    you’ve a great readers’ base already!

  • I’m really enjoying the design and layout of your site.

    It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more
    often. Did you hire out a developer to create your theme?
    Outstanding work!

  • It’s an remarkable paragraph for all the online visitors;
    they will obtain benefit from it I am sure.

  • I feel this is one of the such a lot vital info for me.

    And i am happy reading your article. However should commentary on some normal issues,
    The website taste is great, the articles is actually excellent :
    D. Excellent activity, cheers

  • Hello there! I know this is kinda off topic however , I’d figured I’d ask. Would you be interested in exchanging links or maybe guest writing a blog post or vice-versa? My blog covers a lot of the same subjects as yours and I believe we could greatly benefit from each other. If you happen to be interested feel free to shoot me an e-mail. I look forward to hearing from you! Superb blog by the way!

  • … [Trackback]

    […] Read More here on that Topic: stlouisrealestatenews.com/real-estate-market/mhdcs-cal-cash-assistance-loan-rate-is-now-4-5-percent/ […]

  • You really make it appear really easy along with your presentation however
    I to find this topic to be actually something that I believe I might never understand.
    It kind of feels too complex and extremely large for me.
    I’m looking forward in your next submit, I’ll try to get the grasp of it!

  • I really like reading through an article that can make people think.
    Also, thanks for allowing me to comment!

  • all the time i used to read smaller posts which also clear their motive, and that is also happening with
    this paragraph which I am reading here.

  • Nice blog here! Additionally your site lots up fast! What web host are you the use of? Can I get your associate hyperlink on your host? I want my site loaded up as quickly as yours lol

  • A further issue is that video gaming became one of the all-time biggest forms of entertainment for people of all ages. Kids engage in video games, and also adults do, too. The particular XBox 360 is among the favorite games systems for folks who love to have a lot of activities available to them, plus who like to experiment with live with some others all over the world. Thank you for sharing your thinking.

  • Thanks very interesting blog!

  • … [Trackback]

    […] There you can find 30668 additional Info to that Topic: stlouisrealestatenews.com/real-estate-market/mhdcs-cal-cash-assistance-loan-rate-is-now-4-5-percent/ […]

  • … [Trackback]

    […] Info to that Topic: stlouisrealestatenews.com/real-estate-market/mhdcs-cal-cash-assistance-loan-rate-is-now-4-5-percent/ […]

  • Thank you for the good writeup. It in fact was a amusement account it.
    Look advanced to more added agreeable from you!
    However, how could we communicate?

  • Aw, this was an exceptionally nice post. Spending some time and actual effort to produce a
    good article… but what can I say… I put things
    off a lot and don’t seem to get anything done.

  • Hello! I could have sworn I’ve visited this site before but after looking
    at a few of the posts I realized it’s new to me. Anyhow, I’m certainly delighted I discovered it and I’ll be book-marking it
    and checking back often!

  • Greetings! Very helpful advice within this post!
    It is the little changes which will make the most important changes.
    Thanks for sharing!

  • Hi, just wanted to tell you, I liked this article. It was funny.
    Keep on posting!

  • I visited several web sites however the audio quality for
    audio songs present at this website is genuinely marvelous.

  • I’m not sure why but this blog is loading very slow for me.
    Is anyone else having this issue or is it a issue
    on my end? I’ll check back later on and see if the problem still exists.

  • … [Trackback]

    […] There you can find 52904 additional Information to that Topic: stlouisrealestatenews.com/real-estate-market/mhdcs-cal-cash-assistance-loan-rate-is-now-4-5-percent/ […]

  • It’s not my first time to pay a visit this site, i am visiting this
    web page dailly and get fastidious facts from here daily.

  • I conceive you have noted some very interesting details, thanks for the post.

  • I am not sure where you’re getting your information, but good topic.
    I needs to spend some time learning much more or understanding more.

    Thanks for magnificent information I was looking for this info for my mission.

  • Wow, amazing weblog format! How lengthy have you ever been blogging for?
    you make blogging glance easy. The overall look of your web site is
    fantastic, as well as the content!

  • Hi there! I’m at work surfing around your blog from my new iphone 3gs!
    Just wanted to say I love reading your blog and look forward to all your
    posts! Keep up the great work!

  • Write more, thats all I have to say. Literally, it seems as
    though you relied on the video to make your point. You definitely know
    what youre talking about, why waste your intelligence on just posting videos to your blog
    when you could be giving us something enlightening to read?

  • Incredible! This blog looks exactly like my old one! It’s on a totally different subject but it has pretty much the same page layout and design. Superb choice of colors!

  • What’s Taking place i am new to this, I stumbled upon this I’ve found It absolutely useful and it has helped me out loads. I’m hoping to give a contribution & help other customers like its helped me. Great job.

  • I do trust all of the ideas you’ve introduced on your post. They’re really convincing and can definitely work. Still, the posts are too short for novices. May just you please lengthen them a bit from next time? Thanks for the post.

  • I do not even know how I ended up here, but I thought this post was good. I don’t know who you are but definitely you are going to a famous blogger if you are not already ;) Cheers!

  • I do not even know how I ended up here, but I thought this post was great. I don’t know who you are but certainly you’re going to a famous blogger if you aren’t already ;) Cheers!

  • You really make it seem really easy together with your presentation however I to find this matter to be really something which I think I would never understand. It sort of feels too complicated and very broad for me. I’m taking a look forward in your next publish, I’ll try to get the grasp of it!

  • Thanks, I have recently been searching for information approximately this topic for a long time and yours is the greatest I’ve discovered so far. But, what about the conclusion? Are you sure concerning the source?

  • Excellent blog you’ve got here.. It’s difficult to find high quality writing like yours nowadays.
    I seriously appreciate individuals like you! Take care!!

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>