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

If you're a first time buyer in Leonard Michigan and you are leaning towards a zero down payment mortgage loan, you will notice you have a few choices. All of these options will have specific guidelines that must be met if you want to put zero down when financing your first home. Below you'll find a few options available to first time buyers in Leonard MI.

The Michigan USDA Rural Development Loan

The first opportunity for a 0 down payment home loan is the USDA's Rural Development home loan. This home loan offers no down payment but is subject to an up front mortgage insurance premium and it also has geographic and income restrictions. Call Michigan Mortgage Solutions at 248-674-6450 and loan officer can let you know if the USDA RD loan is a good fit for you.

MSHDA Down Payment Assistance

Another consideration on zero down home loans for 1st time home buyers in Leonard Michigan is working with state departments such as the MSHDA. Michigan State Housing Development Authority has services for down payment help that can be used along with Federal Housing Administration loan lending. The loan could be up to $7,500 and does not make you to pay any payment nor does it collect interest but it absolutely must be paid in full if you want to refinance or sell the home. There will be other guidelines to the MSHDA down payment assistance program such as your loan amount along with your total income as it is put in place to assist buyers with low to moderate incomes.

Local or Federal Grants

The last opportunity I know of on zero down home loans for first time home buyers in Leonard Michigan is to look into any federal funding assigned to Leonard for neighborhood stabilization programs. You could observe more regarding the resources that may be allowed in your township by contacting your countys community development municipality which could be located on the internet.

If you're thinking about zero down home loans for first time home buyers in Leonard 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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  • Carlos Watson
    October 27, 2011

    I loved your post. Much obliged.

  • Charles Reed
    October 28, 2011

    Really informative post.Much thanks again. Fantastic.

  • November 4, 2011

    Awesome article.Much thanks again. Cool.

  • Lisa Gibson
    November 7, 2011

    I cannot thank you enough for the article.Thanks Again. Fantastic.

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