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Article: 7.2 Percent Mortgage Loans Available to First-Time Homebuyers Through State House Key Program
- Article from:
- PR Newswire
- Article date:
- October 4, 1996
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Copyright informationCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SEATTLE, Oct. 4 /PRNewswire/ -- Thanks to the participation of the State Investment Board and Freddie Mac, more than $30 million of low interest mortgage money is now available to qualified first-time homebuyers through the Washington State Housing Finance Commission, according to Busse Nutley, chair of the Commission.
Funds, raised from the sale of taxable and tax-exempt mortgage revenue bonds, are available through a network of participating lenders throughout the state. (Note: See list of participating lenders following this news release.) Under this program, known as House Key, consumers can obtain a 7.2 percent interest rate on a 30-year fixed rate mortgage loan ...