Zero Down Loans For First Time Buyers in Birmingham
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Zero Down Home Loans For First Time Buyers in Birmingham

If you happen to be a 1st time buyer in Birmingham Michigan and you're interested in a 0 down payment mortgage, you will notice you have a few options. Every one of these choices provide specific guidelines that should be followed in order to allow you to put nothing down when purchasing your first house. Below you'll become aware of a several options available to first time buyers in Birmingham Michigan.

The Michigan USDA Rural Development Loan

The 1st opportunity for a 0 down mortgage is the United States Department of Agriculture's RD mortgage. This mortgage financing allows no down payment but is subject to an up front mortgage insurance premium and it also has geographic and income guidelines. Call the pros at 248-674-6450 and we can inform you if the United States Department of Agriculture RD loan will work for you.

MSHDA Down Payment Assistance

Another consideration on zero down mortgages for first time home buyers in Birmingham Michigan is checking out state programs such as the Michigan State Housing Development Authority. Michigan State Housing Development Authority has services for down payment help which could be offered along with Federal Housing Administration home loan financing. The loan can be $7,500 and will not require you to send any monthly payments nor will it collect interest but it has to be paid off should you need to refinance or sell the home. There are other rules to the MSHDA down payment assistance program like your mortgage total along with your gross income as it was designed to assist buyers earning lower to moderate wages.

Local And Federal Grant Money

The last resource available on zero down home loans for first time home buyers in Birmingham Michigan is to look into any federal funding offered to Birmingham for neighborhood stabilization programs. You can find more in reference to the options that may be offered in your town by contacting your townships community development municipality which will be found in Google.

If you're interested in zero down home loans for first time home buyers in Birmingham Michigan call 248-674-6450 today!

Accurate Mortgage Payment Calculations on The Go
Our mortgage app allows borrowers to calculate mortgage payments using up to date mortgage rates as well as accurate mortgage insurance premiums based on product and credit score

Designed with ease of use and accuracy in mind

Most mortgage calculators force users to input unknown data like mortgage rates or mortgage insurance. Without the correct data these calculations become worthless. Our app populates this data for the user based on up to date mortgage rates and accurate mortgage insurance quotes based on loan product and credit score.

Buit-in convenience within the admin area

The app has a really cool admin area that allows you to securely scan and send important mortgage documents right from your phone. No need for a fax machine or a scanner when our app will do the job.

Install on your phone for easy access 24/7

Our mortgage app can be installed by simply entering your mobile number and opening a text. Once installed, you'll have full access to the app and be able to perform unlimited mortgage calculations for any available mortgage product. This allows you to accurately compare different mortgage products on the go.

All mortgage calculations are saved

You can review any of your previous mortgage calculations from within the app. This makes it easier to compare different mortgage programs as well as other loan parameters. This can save you from running the same numbers over and over again.

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Comments

  • November 7, 2011

    Thanks again for the article post.Much thanks again. Much obliged.

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