Military Homeownership Assistance Program Funding Update
As of today, March 28, 2022 all funding made available for the Military Homeownership Assistance Program for the fiscal year ending June 30, 2022 have been reserved.
URGENT Review of outstanding MHOA reservations is needed:
Is the MHOA transaction still in process OR Does it need cancelled?
Are there outstanding conditions OR Loans closed that have not been submitted?
OTHER ITEMS:
New Construction “reasonable” extension only per Code – watch expiration dates!
Make sure your borrowers are aware the MHOA program is on a first-come, first served basis.
