MBOH Plus 0% Deferred Down Payment Assistance Program
Because it is a “silent mortgage,” this plan does not have any interest or monthly payments.
Repayment is required when the property is sold or transferred to another party or when the outstanding loan secured by the first mortgage is refinanced.
The income limits are higher than those in the Bond Advantage program. When this information was written, the limit was $80,000 for a one- or two-person household and $90,000 for a household of three or more
You need a credit score of 620 or higher.