Zero Down Home Loans For 1st Time Buyers in Clarkston
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Zero Down Home Loans For First Time Buyers in Clarkston

If you're a first time buyer in Clarkston Michigan and you're leaning towards a 0 down mortgage, you'll be glad to know you have several options. Each one of these options have strict guidelines that have to be followed if you want to put nothing down when purchasing your new home. Below you will become aware of a list of options available to you as a first time home buyer in Clarkston Michigan.

The Michigan USDA Rural Development Loan

The first choice for a zero down payment home loan is the USDA's RD mortgage loan. This home financing requires no down payment but is subject to an up front mortgage insurance premium and it also has income & geographic regulations. Call the pros at 248-674-6450 and loan officer can inform you if the United States Department of Agriculture Rural Development loan is a good fit for you.

MSHDA Down Payment Assistance

Another thing to think about on zero down mortgages for 1st time home buyers in Clarkston Michigan is looking into state programs as in the Michigan State Housing Development Authority. MSHDA has services for down payment assistance which will be used in conjunction with Federal Housing Administration mortgage financing. This assistance could total up to $7,500 and does not require you to send any monthly payments nor does it collect interest but it must be paid in full when you happen to refinance or sell the home. There are other restrictions to the Michigan State Housing Development Authority down payment assistance program like your mortgage amount along with your gross income as it is designed to assist buyers earning low to moderate wages.

Local And Federal Grant Money

The final opportunity I have on zero down home loans for first time home buyers in Clarkston Michigan is to look up any federal dollars granted to Clarkston for neighborhood stabilization programs. You could learn more about the programs that will be offered in your township by getting in touch with your townships community development municipality which could be found in Google.

If you are interested in zero down home loans for first time home buyers in Clarkston Michigan call 248-674-6450 ASAP!

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

  • Dennis Ward
    October 28, 2011

    Thanks for the blog article.Much thanks again. Cool.

  • Kathy Webb
    November 2, 2011

    Very neat article.

  • Christine Wells
    November 4, 2011

    Awesome blog. Fantastic.

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