Zero Down Loans For First Time Buyers in Mount Clemens
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Zero Down Home Loans For First Time Buyers in Mt Clemens

If you happen to be a first time buyer in Mount Clemens MI and you're interested in a 0 down payment mortgage loan, you will be glad to know you have three opportunities. Each of these opportunities have strict guidelines that must be met in order to allow you to put nothing as a down payment when purchasing your first place. Below you'll find a few opportunities available to first time home buyers in Mount Clemens Michigan.

The Michigan USDA Rural Development Loan

The 1st choice for a 0 down home loan is the USDA's RD mortgage loan. This mortgage financing requires zero down but is subject to an up front mortgage insurance premium and it also has income & geographic guidelines. Call us at 888-665-2630 and we can inform you if the USDA Rural Development mortgage is best for you.

MSHDA Down Payment Assistance

Another consideration on zero down home loans for first time home buyers in Mount Clemens Michigan is working with state departments like the MSHDA. MSHDA has services for down payment assistance which could be used in conjunction with FHA mortgage lending. The loan could be as much as $7,500 and will not force you to pay any monthly payments nor will it charge interest but it has to be paid in full if you happen to refinance or sell the home. There are other guidelines to the MSHDA down payment assistance program such as your loan total along with your wages as it was put in place to help people with low to moderate salaries.

Local or Federal Grants

The last opportunity I know of on zero down home loans for first time home buyers in Mount Clemens Michigan is to inquire about any federal money granted to Mount Clemens for neighborhood rehabilitation programs. You will learn more about the opportunities that will be available in your city by getting in touch with your townships community development representative which could be found on the web.

If you'd like more info on zero down home loans for first time home buyers in Mount Clemens 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

  • Jose Ortiz
    October 28, 2011

    Really informative post. Great.

  • Kristy
    January 17, 2012

    Good information – thanks!

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