Zero Down Loans For First Time Buyers in White Lake
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Zero Down Home Loans For First Time Buyers in White Lake

If you happen to be a first time buyer in White Lake Michigan and you are looking for a zero down payment mortgage loan, you'll find you have a couple options. Each of these choices will have direct guidelines that must be met allowing you to put zero as a down payment when mortgaging your house. Below you'll find a few opportunities available to first time buyers in White Lake MI.

The Michigan USDA Rural Development Loan

The first choice for a zero down home loan is the United States Department of Agriculture's RD mortgage. This mortgage loan allows zero down but is subject to an up front mortgage insurance premium and it also has income & geographic guidelines. Call us at 248-674-6450 and a mortgage consultant will tell you if the United States Department of Agriculture Rural Development loan is best for you.

MSHDA Down Payment Assistance

Another thing to consider on 0 down mortgages for 1st time home buyers in White Lake Michigan is looking into state departments as in the MSHDA. Michigan State Housing Development Authority has services for down payment aide that could be offered in conjunction with Federal Housing Administration home loan lending. The loan can be $7,500 and does not make you to pay any payment nor does it accrue interest but it must be paid in full should you happen to refinance or sell your home. There happen to be other guidelines to the Michigan State Housing Development Authority down payment assistance program such as your loan total along with your gross income as it was created to help people earning lower to moderate salaries.

Local or Federal Grants

The last resource I have on zero down home loans for first time home buyers in White Lake Michigan is to check out any federal dollars assigned to White Lake for neighborhood rehabilitation programs. You will observe more regarding the opportunities that may be available in your city by contacting your towns community development representative which could be located online.

If you happen to be thinking about zero down home loans for first time home buyers in White Lake 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

  • Joe Rivera
    October 29, 2011

    A round of applause for your blog article.Really thank you! Want more.

  • Ruth Rogers
    October 31, 2011

    A big thank you for your post.Much thanks again. Great.

  • Jerry Black
    November 6, 2011

    I really liked your post.Thanks Again. Will read on…

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