Homebuyer
MHP News
Enhanced version of SoftSecond geared for foreclosed properties
Funds for Fixer Uppers offers increased eligibility, rehab grants in eligible areas
December 20, 2009
BOSTON, Dec. 20, 2009 --- For a limited time only, an enhanced version of MHP's SoftSecond Loan Program is available for homebuyers purchasing foreclosed properties.
Called Funds for Fixer Uppers, this new program waives SoftSecond's first-time homebuyer requirement and raises the household income limit to under 120 percent of the area median income if the property is located in an eligible neighborhood.
In addition, properties in certain neighborhoods may also qualify for NSP rehabilitation grants of $20,000 per unit, up to a maximum of $40,000 per property. For more information and program details, click here.
