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

If by chance you're a 1st time buyer in Lakeville Michigan and you are leaning towards a zero down payment home loan, you'll notice you have a couple opportunities. All of these opportunities have direct guidelines that should be met if you want to put zero as a down payment when purchasing your house. Below you'll find a several choices available to first time home buyers in Lakeville 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 loan offers no down payment but is the beneficiary of an up front mortgage insurance premium and it also has geographic and income restrictions. Call us at 248-674-6450 and Michigan Mortgage Solutions can let you know if the USDA RD home loan is best for you.

MSHDA Down Payment Assistance

Another thing to think about on zero down mortgages for first time home buyers in Lakeville Michigan is checking out state departments like the Michigan State Housing Development Authority. Michigan State Housing Development Authority has programs for down payment help that can be collaborated along with FHA loan financing. The loan can be up to $7,500 and will not force you to send any payment nor will it accrue interest but it must be paid in full if you need to refinance or sell the house. There are other rules to the MSHDA down payment assistance program such as your mortgage total along with your income as it is designed to assist buyers having low to moderate salaries.

Local or Federal Grants

The final option available on zero down home loans for first time home buyers in Lakeville Michigan is to inquire about any federal funding offered to Lakeville for neighborhood rehabilitation programs. You could observe more regarding the programs that could be offered in your city by getting in touch with your areas community development representative which could be found in Google.

If you happen to be thinking about zero down home loans for first time home buyers in Lakeville 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

  • Timothy Edwards
    October 31, 2011

    Very neat blog.Thanks Again. Really Great.

  • Russell Rogers
    November 2, 2011

    “Wow, great article. Want more.”

  • Gloria Hamilton
    November 4, 2011

    Thanks-a-mundo for the article.Really thank you! Awesome.

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