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

If by chance you're a 1st time buyer in Saline MI and you are leaning towards a 0 down payment home loan, you will notice you have a few choices. Every one of these choices provide specific guidelines that should be considered if you want to put zero down when mortgaging your first home. Below you'll become aware of a few options available to first time buyers in Saline Michigan.

The Michigan USDA Rural Development Loan

The 1st choice for a 0 down mortgage loan is the United States Department of Agriculture's Rural Development mortgage. This home loan allows no down payment but is subject to an up front mortgage insurance premium and it also has geographic and income restrictions. Call Michigan Mortgage Solutions at 248-674-6450 and we will inform you if the USDA RD loan will work for you.

MSHDA Down Payment Assistance

Another thing to consider on 0 down mortgage loans for first time home buyers in Saline Michigan is checking out state programs such as the MSHDA. MSHDA has services for down payment aide that can be used along with Federal Housing Administration mortgage lending. This loan can be up to $7,500 and doesn't force you to pay any payment nor will it collect interest but it must be paid in full when you need to refinance or sell your house. There are other rules to the MSHDA down payment assistance program like your loan total and your income as it is created to help people having lower to moderate salaries.

Local or Federal Grants

The last resource I know of on zero down home loans for first time home buyers in Saline Michigan is to look up any federal funding assigned to Saline for neighborhood stabilization programs. You can learn more regarding the opportunities that could be offered in your city by reaching out to your towns community development municipality which will be easily found online.

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

  • Bonnie Davis
    October 26, 2011

    Fantastic article. Cool.

  • October 27, 2011

    Fantastic post.Much thanks again. Cool.

  • Kelly Myers
    October 28, 2011

    Awesome article post. Much obliged.

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