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Is a mortgage revenue bond program only for first-time homebuyers?

April 26, 2017Bond first-time homebuyers mortgage program revenue

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Is a mortgage revenue bond program only for first-time homebuyers?

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No. If a borrower has not owned a principal residence for the past three years, you may be eligible to utilize the program. If a borrower has owned a principal residence in the past three years, they may still be eligible to utilize the program if the home purchased is in a designated target area.