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

If by chance you're a 1st time home buyer in Clawson MI and you're interested in a zero down payment mortgage, you will notice you have several options. Each one of these opportunities will have strict guidelines that have to be followed in order to allow you to put zero down when financing your new home. Below you'll become aware of a list of options available to first time home buyers in Clawson MI.

The Michigan USDA Rural Development Loan

The first option for a 0 down home loan is the USDA's Rural Development mortgage. This home financing offers zero down but is subject to an up front mortgage insurance premium and it also has income & geographic restrictions. Call us at 248-674-6450 and we can let you know if the United States Department of Agriculture RD mortgage is a good fit for you.

MSHDA Down Payment Assistance

Another consideration on zero down mortgages for 1st time home buyers in Clawson Michigan is looking into state programs such as the MSHDA. Michigan State Housing Development Authority has programs for down payment help which can be offered along with FHA loan lending. This assistance can total as much as $7,500 and does not force you to make any monthly payments nor does it collect interest but it absolutely must be paid off if you want to refinance or sell your house. There are other restrictions to the Michigan State Housing Development Authority down payment assistance program such as your loan amount along with your household income as it was created to help those having low to moderate salaries.

Local And Federal Grant Money

The last option I have on zero down home loans for first time home buyers in Clawson Michigan is to inquire about any federal money granted to Clawson for neighborhood rehabilitation programs. You will learn more in reference to the options that could be available in your area by reaching out to your countys community development office which will be easily found on the internet.

If you are looking into zero down home loans for first time home buyers in Clawson Michigan call 248-674-6450 right now!

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

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    October 27, 2011

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    November 2, 2011

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