$80 million available to home buyers

Published 4:42 pm Wednesday, April 4, 2007

Mississippi Home Corp. has issued $80 million in bonds that will be used to fund mortgages for Mississippi families.

Qualified buyers can get a 30-year mortgage at a fixed rate of 5.65 percent statewide, a news release said. The program includes a cash advance of 3 percent of the loan to assist home buyers with down payments and closing costs.

Families affected by Hurricane Katrina or in Jackson, Harrison, Hancock, Pearl River, Stone, and George counties can qualify for a 5.45 percent interest rate on their mortgage, according to an article at www.clarionledger.com.

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