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

If by chance you're a 1st time buyer in Macomb MI and you're leaning towards a 0 down home loan, you will find you have several options. All of these choices provide specific guidelines that must be met if you want to put zero down when mortgaging your house. Below you'll become aware of a several options available to first time home buyers in Macomb MI.

The Michigan USDA Rural Development Loan

The first option for a 0 down payment mortgage is the USDA's Rural Development mortgage. This home loan requires no down payment but is the beneficiary of an up front mortgage insurance premium and it also has income & geographic regulations. Call the pros at 248-674-6450 and we'll tell you if the USDA RD mortgage loan will work for you.

MSHDA Down Payment Assistance

Another thing to consider on 0 down mortgages for 1st time home buyers in Macomb Michigan is looking into state programs like the Michigan State Housing Development Authority. MSHDA has services for down payment help which will be offered along with FHA mortgage lending. This financial aid could be $7,500 and does not require you to pay any monthly payments nor will it collect interest but it absolutely must be paid back should you want to refinance or sell your home. There will be other guidelines to the MSHDA down payment assistance program such as your mortgage amount and your gross income as it is put in place to assist people earning low to moderate salaries.

Local or Federal Grants

The final resource I know of on zero down home loans for first time home buyers in Macomb Michigan is to look into any federal dollars granted to Macomb for neighborhood stabilization programs. You could learn more regarding the opportunities that could be offered in your county by contacting your towns community development municipality which can be easily found online.

If you're interested in zero down home loans for first time home buyers in Macomb 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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