GroundRules
HSC § 50058.5
Where this section sits in the code
- Health and Safety Code - HSC
- DIVISION 31. HOUSING AND HOME FINANCE [50000. - 54949.]
- PART 1. STATE HOUSING POLICY AND GENERAL PROVISIONS [50000. - 50300.]
- CHAPTER 2. Definitions [50050. - 50106.]
“Buy-down mortgage plan” is a program by which the effective interest cost to the purchaser of a real property is reduced below market rates through supplemental payments by the agency to a qualified mortgage lender in return for which the agency shall obtain from the purchaser an interest-bearing note secured by a subordinated mortgage on the property which is purchased.
Collected 2026-09-14T05:56:33Z. Source file · JSON