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Conventional
First Mortgage Loans |
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The Conventional
First Mortgage Loan is designed for the purchase or refinance of residential
property that is not government insured. Property securing the first mortgage
loan must be the applicant's primary residence. The minimum down payment
for a purchase transaction is 5%.
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Conventional
First Mortgage Loans / Second Home Loans |
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A Conventional
First Mortgage Loan / Second Home is designed for the purchase or refinance
of the applicant's second home. This home must be in remote distance to
the applicant's primary residence, must be suitable for year round occupancy
and must be available for the applicant's exclusive use and enjoyment.
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Land
First Mortgage Loans |
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The Land
First Mortgage Loan is designed for the purchase or refinance of unimproved
land.
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Streamlined
Refinance Mortgages |
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The Streamlined
Refinance Mortgage is designed for applicants who want to refinance
loans currently financed by MATCU. |
