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

If by chance you're a 1st time home buyer in Wixom Michigan and you're looking for a zero down home loan, you'll find you have a few choices. Every one of these options will have specific guidelines that have to be followed allowing you to put nothing as a down payment when financing your first home. Below you will find a few options available to you as a first time home buyer in Wixom MI.

The Michigan USDA Rural Development Loan

The 1st choice for a zero down payment home loan is the USDA's Rural Development mortgage. This home loan offers no down payment but is the beneficiary of an up front mortgage insurance premium and it also has income & geographic guidelines. Call us at 248-674-6450 and we can tell you if the United States Department of Agriculture Rural Development loan is best for you.

MSHDA Down Payment Assistance

Another consideration on 0 down mortgages for 1st time home buyers in Wixom Michigan is checking out state programs such as the MSHDA. MSHDA has programs for down payment assistance which could be used in conjunction with FHA mortgage lending. The financial aid can total as much as $7,500 and does not force you to make any monthly payments nor does it charge interest but it must be paid off when you happen to refinance or sell the house. There are other restrictions to the MSHDA down payment assistance program such as your loan amount along with your household income as it is designed to help those having low to moderate wages.

Local or Federal Grants

The final opportunity I know of on zero down home loans for first time home buyers in Wixom Michigan is to inquire about any federal funding designated to Wixom for neighborhood rehabilitation programs. You could find more on the opportunities that are available in your area by getting in touch with your citys community development office which could be located online.

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

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Comments

  • Brandon Campbell
    October 28, 2011

    Thanks for the blog article.Really looking forward to read more. Cool.

  • Samuel Hunter
    October 28, 2011

    “Hey, thanks for the blog post. Will read on…”

  • October 31, 2011

    Thanks-a-mundo for the blog.Really thank you! Great.

  • Anna Shaw
    November 3, 2011

    Looking forward to reading more. Great article post.Really thank you! Much obliged.

  • Kristy
    January 30, 2012

    What great info – thanks!

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