Zero Down Home Loans For First Time Buyers in Oakland
Call (248) 674-6450 For an Instant Pre-Approval!

Are You Looking to Purchase Your First Home With Zero Down?

We're Dedicated to Making Your First Home Purchase as Easy & Stress Free as Possible!

Your 5-Star Mortgage Experience Includes...
  • A no-cost/no-obligation pre-approval...
  • Find out how much you can borrow...
  • Start house shopping today...
  • Answers to all your questions 24/7...
  • Access to the lowest rates possible...
  • We help buyers with credit issues...

Call (248) 674-6450 For an Instant Pre Approval

Zero Down Home Loans For First Time Buyers in Oakland

If by chance you're a 1st time home buyer in Oakland MI and you're leaning towards a zero down payment home loan, you will notice you have a couple opportunities. All of these options will have strict guidelines that have to be considered allowing you to put nothing as a down payment when buying your house. Below you will notice a several choices available to you as a first time home buyer in Oakland Michigan.

The Michigan USDA Rural Development Loan

The first option for a zero down home loan is the USDA's Rural Development mortgage loan. This mortgage financing allows zero down but is the beneficiary of an up front mortgage insurance premium and it also has income & geographic restrictions. Call Michigan Mortgage Solutions at 248-674-6450 and Michigan Mortgage Solutions can tell you if the USDA Rural Development mortgage is a good fit for you.

MSHDA Down Payment Assistance

Another thing to consider on 0 down home loans for 1st time home buyers in Oakland Michigan is looking into state programs as in the Michigan State Housing Development Authority. Michigan State Housing Development Authority has opportunities for down payment aide that could be offered along with Federal Housing Administration mortgage lending. This loan can be $7,500 and does not force you to send any payment nor will it collect interest but it absolutely must be paid in full if you need to refinance or sell your house. There are other restrictions to the Michigan State Housing Development Authority down payment assistance program such as your mortgage total along with your wages as it was put in place to help people having lower to moderate wages.

Local or Federal Grants

The last resource I know of on zero down home loans for first time home buyers in Oakland Michigan is to look into any federal funding granted to Oakland for neighborhood rehabilitation programs. You can observe more about the opportunities that will be offered in your area by getting in touch with your countys community development municipality which could be found on the internet.

If you are interested in zero down home loans for first time home buyers in Oakland 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.

Share this article

Comments

  • October 29, 2011

    Major thankies for the post.Really looking forward to read more. Awesome.

  • Todd Smith
    November 2, 2011

    Great post. Really Great.

Leave a comment

Your email address will not be published. Required fields are marked *