Tax-exempt bond issued by a state of local government municipality to finance restorations/construction on homes for qualifying first-time homebuyers. The funds for mortgage revenue bonds are acquired through principal and interest payments on similar loans. To qualify for mortgage revenue bonds, the potential borrower needs to be a first-time homebuyer with a low to moderate income.
Related information about mortgage revenue bond:
- Mortgage revenue bond loan - Wikipedia, the free encyclopedia
A Mortgage Revenue Bond Loan or bond loan is a type of mortgage loan where the cost of borrowing is partially subsidized by a mortgage revenue bond.
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Mortgage Revenue Bonds. Bond Purchase Activity Supports Community Development. Mortgage Revenue Bonds (MRBs) are tax-exempt bonds that state and ...
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What is a Mortgage Revenue Bond (MRB) Loan? An MRB loan is a mortgage loan (primarily for first-time homebuyers) that is made available by state and local ...
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Mortgage Revenue Bond Program. The Mortgage Revenue Bond Program is commonly known as the First Time Homebuyer Program. This program provides a ...
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1985 Mortgage Revenue Bond Faculty Loan Program. 1987 Mortgage Revenue Bond Faculty Loan Program. Each of these programs provided funding from ...