Zero Down Home Loans For First Time Home Buyers in Cohoctah Michigan Call 888-665-2630

Zero Down Home Loans For First Time Buyers in Cohoctah

If you happen to be a first time buyer in Cohoctah MI and you’re looking for a 0 down payment home loan, you will notice you have three opportunities. Each one of these choices provide specific guidelines that have to be considered in order to allow you to put zero down when financing your new house. Below you’ll see a list of opportunities available to first time home buyers in Cohoctah Michigan.

The Michigan USDA Rural Development Loan

The first choice for a 0 down home loan is the USDA Rural Development mortgage loan. This mortgage financing requires zero down but is requires both an up front mortgage insurance premium and a monthly mortgage insurance. The Michigan RD loan also has household income & geographic restrictions. This means you can’t earn over a certain household income and the property has to be located in a “rural” area. A “rural” area is dependent on population so most bigger cities won’t be eligible. Call Michigan Mortgage Solutions at 248-674-6450 and we can let you if the USDA RD loan will work for you.

MSHDA And Other Down Payment Assistance Programs

Another consideration on zero down mortgages for first time home buyers in Cohoctah Michigan is looking into state programs such as the Michigan State Housing Development Authority. The Michigan State Housing Development Authority, also known as MSHDA, has opportunities for down payment assistance that can be paired with FHA loan financing. These programs often require an additional approval and delays during the financing process.

MSHDA’s down payment assistance program is actually a loan that doesn’t collect interest or need to be paid back until the homebuyer refinances the mortgage or sells the property. The loan could be as much as $7,500 and can go towards your down payment and closing costs. The MSHDA down payment assistance program does have household income and credit score restrictions.

Some lenders also offer down payment assistance programs that often go smoother and have less restrictions than the MSHDA program. Call (248) 674-6450 for the pros at Michigan Mortgage Solutions to find out if there is a down payment assistance program that might work for you.

Local And Federal Grant Money For First Time Buyers in Cohoctah

The final opportunity for zero down home loans for first time home buyers is to look up any federal funding offered to Cohoctah for neighborhood stabilization programs. You can find more on the opportunities that could be allowed in your city by contacting your county’s community development office which could be easily found with an online search.

If you happen to be thinking about zero down home loans for first time home buyers in Cohoctah Michigan call 248-674-6450 ASAP! At Michigan Mortgage Solutions we work with first time buyers every day. Most of our borrowers take full advantage of our FREE Home Loan Discovery Calls where we break down the home buying process and explain everything in easy to understand chunks. You’ll leave this call feeling confident and educated on how to buy your first home.

Your 5-Star Home Loan Discovery Call Includes…

  • A no-cost/no-obligation pre-approval…
  • Find out exactly how much you can borrow…
  • Start house shopping today…
  • Answers to all your questions…
  • Access to the lowest rates possible…
  • We help buyers with credit issues…

Call (248) 674-6450 For an Instant Pre Approval

Cheryl S
Cheryl S
05/01/2024
Jason was phenomenal to work with during my mortgage process. He guided me with ease from beginning to end . He had patience when I had questions and explained everything so clearly. I am thankful to Jason and the entire team for making this a pretty stressful free experience!! New Year, New Home! Thanks Jason!!
miss renee
miss renee
03/01/2024
Trevor was very knowledgeable and his expertise was Super helpful in putting me in the right direction!
Jillian Mitchell
Jillian Mitchell
17/11/2023
Great experience all around. Jason, Trevor and Yolanda are a great team and always are reassuring and helpful.
Reel Champs
Reel Champs
23/10/2023
Jason and the Michigan Mortgage solutions team was amazing. I ran to them out of desperation because I had a terrible experience with a bigger mortgage company. It was the best decision of my life and Jason worked with me seamlessly and got my family into our dream house in less than 45 days. Highly recommend them as your FIRST STOP, you won’t regret it.
Michael Cordell
Michael Cordell
17/10/2023
I had a wonderful experience. The communication at every step along the process was exceptional. My contact went above and beyond and answered my questions at all times. Thank you,
Sanya Ross
Sanya Ross
29/09/2023
Jason was knowledgeable and always available. Made me feel at ease with such a huge purchase, I asked tons of questions and he never made me feel like it was a problem. I appreciate everything he did to make my first home purchase a success and I will refer all my friends and family to Michigan mortgage solutions!! Thank you again!
Jack Condrige
Jack Condrige
26/09/2023
Great experience. Very personal service.
Kyla Wilberding
Kyla Wilberding
20/09/2023
Can't say enough good things about Jason and his team. They made my first home buying experience quick, easy, and stress free. They communicated flawlessly and explained every step of the process, would recommend to anyone! Closed on my house in less than a month.
Tony Pliva
Tony Pliva
25/08/2023
Worked with Jason and his team for about a year before we found a home we wanted. The whole process was smooth and easy. Definitely recommend to anyone getting a mortgage!
Michigan Mortgage Solutions

Michigan Mortgage Solutions

Michigan Mortgage Solutions offers a variety of mortgage programs to suit your needs. FHA Loans, Conventional Loans and VA loans are just some examples. For experienced homeowners looking for cash out or refinancing options there is help available as well with the offer of an FHA streamline loan option that can be completed in 10 days! Michigan Mortgage Solution has something to offer every customer; whether you’re a first time home buyer or seasoned veteran our team will find the right Michigan mortgage solution for you!

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