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First-time Homebuyer Mortgage Program: 30-year fixed term, 4% fixed rate, annual payments on first mortgage up to 80% of home value 10-year fixed term, 6%

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First-time Homebuyer Mortgage Program: 30-year fixed term, 4% fixed rate, annual payments on first mortgage up to 80% of home value 10-year fixed term, 6% fixed rate, annual payments on second mortgage up to 15% of home value Following conditions must be met: A. Total Annual Mortgage Payment

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