Zero Down Loans For First Time Buyers in Oak Grove
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Zero Down Home Loans For First Time Buyers in Oak Grove

If you happen to be a 1st time home buyer in Oak Grove MI and you are interested in a zero down home loan, you'll be glad to know you have a few choices. All of these opportunities will have direct guidelines that should be followed if you want to put zero down when purchasing your first home. Below you will become aware of a couple opportunities available to first time home buyers in Oak Grove Michigan.

The Michigan USDA Rural Development Loan

The 1st opportunity for a 0 down payment mortgage is the United States Department of Agriculture's Rural Development mortgage. This mortgage financing requires zero down but is the beneficiary of an up front mortgage insurance premium and it also has geographic and income restrictions. Call the pros at 248-674-6450 and we will inform you if the USDA RD home loan is best for you.

MSHDA Down Payment Assistance

Another consideration on 0 down mortgage loans for first time home buyers in Oak Grove Michigan is looking into state programs like the MSHDA. MSHDA has services for down payment assistance which can be offered in conjunction with Federal Housing Administration mortgage lending. The assistance could total up to $7,500 and will not make you to pay any payment nor does it accrue interest but it has to be paid in full when you happen to refinance or sell the home. There happen to be other restrictions to the Michigan State Housing Development Authority down payment assistance program like your loan total along with your income as it was put in place to help buyers earning low to moderate wages.

Local or Federal Grants

The last opportunity I have on zero down home loans for first time home buyers in Oak Grove Michigan is to check out any federal dollars designated to Oak Grove for neighborhood stabilization programs. You will observe more regarding the opportunities that will be allowed in your area by getting in touch with your towns community development representative which could be easily found in Google.

If you are looking into zero down home loans for first time home buyers in Oak Grove 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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