Yes, it can be reissued within the first twelve months of refinancing if the borrower meets guidelines. Please find the criteria here.

Government first mortgages are assumable if allowed per agency guidelines and meet Commission criteria. Downpayment assistance loans are not assumable.

The Commission cannot provide payoff statements. Contact the borrower’s first-mortgage loan servicer directly for a payoff statement for both the first and the second mortgage loan, as they service both. Find the contact information for all our loan servicers here.

If you are still unable to receive a payoff from the servicer, please contact the Commission.

Please contact the loan servicer of the first mortgage loan to obtain a copy of the mortgage Note.

You may request either a digital copy or a certified printed copy of your MCC. Click here for instructions.

Yes. The interest rate is very low, from 0% to 4% depending on the program. It is wrapped into your main home mortgage, so you don’t have two bills to pay. Also, most of our downpayment loans are payment deferred” meaning no payment is due until the mortgage is paid off or until you sell, transfer, move out of or refinance the property.