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Governor Signs Bill Offering Mortgage Aid

Governor Signs Bill Offering Mortgage Aid

Governor Neil Abercrombie yesterday signed a bill that would make it possible for more low- to middle-income families qualify for mortgage loans. It updates the Hula Mae Single Family Mortgage Loan Program by broadening requirements to allow participation by more potential single-family home buyers. The program, which offers mortgage loans below market rates, also provides down payment and closing-cost assistance for qualified buyers.

 

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