Zero Down Loans For First Time Buyers in Whitmore Lake
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Zero Down Loans For First Time Buyers in Whitmore Lake

If you happen to be a first time buyer in Whitmore Lake Michigan and you are leaning towards a 0 down home loan, you will be glad to know you have several opportunities. Each one of these options provide direct guidelines that should be met in order to allow you to put nothing down when financing your first place. Below you'll become aware of a several opportunities available to you as a first time home buyer in Whitmore Lake MI.

The Michigan USDA Rural Development Loan

The first option for a 0 down mortgage loan is the United States Department of Agriculture's RD mortgage loan. This home financing offers zero down but is subject to an up front mortgage insurance premium and it also has geographic and income guidelines. Call us at 888-665-2630 and mortgage broker will inform you if the United States Department of Agriculture RD home loan will work for you.

MSHDA Down Payment Assistance

Another thing to consider on zero down mortgage loans for 1st time home buyers in Whitmore Lake Michigan is looking into state departments such as the MSHDA. Michigan State Housing Development Authority has programs for down payment aide that could be used along with FHA mortgage lending. This assistance can total up to $7,500 and does not make you to send any monthly payments nor will it collect interest but it has to be paid in full should you need to refinance or sell your home. There are other restrictions to the Michigan State Housing Development Authority down payment assistance program such as your mortgage total along with your gross income as it is put in place to assist buyers with lower to moderate salaries.

Local or Federal Grants

The final option I have on zero down home loans for first time home buyers in Whitmore Lake Michigan is to look up any federal dollars designated to Whitmore Lake for neighborhood rehabilitation programs. You can observe more in reference to the programs that are available in your city by reaching out to your citys community development office which will be located in Google.

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