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

If you happen to be a first time buyer in Oxford Michigan and you're leaning towards a 0 down payment home loan, you'll be glad to know you have three opportunities. Each of these choices have direct guidelines that have to be met in order to allow you to put nothing down when financing your house. Below you'll find a several choices available to first time buyers in Oxford Michigan.

The Michigan USDA Rural Development Loan

The 1st choice for a zero down payment mortgage loan is the USDA's Rural Development home loan. This home financing allows zero down but is subject to an up front mortgage insurance premium and it also has income & geographic regulations. Call us at 248-674-6450 and mortgage broker will inform you if the USDA Rural Development mortgage loan is a good fit for you.

MSHDA Down Payment Assistance

Another consideration on zero down home loans for 1st time home buyers in Oxford Michigan is working with state departments as in the MSHDA. MSHDA has opportunities for down payment help that can be used along with Federal Housing Administration mortgage financing. This loan can total $7,500 and doesn't require you to make any payment nor will it accrue interest but it must be paid off if you happen to refinance or sell your house. There happen to be other restrictions to the Michigan State Housing Development Authority down payment assistance program like your mortgage total along with your wages as it was designed to assist people with low to moderate incomes.

Local or Federal Grants

The last option available on zero down home loans for first time home buyers in Oxford Michigan is to look up any federal dollars assigned to Oxford for neighborhood rehabilitation programs. You could observe more in reference to the resources that are offered in your county by getting in touch with your citys community development municipality which can be located on the web.

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

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    October 31, 2011

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