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

If you're a 1st time home buyer in Ypsilanti MI and you are looking for a zero down payment mortgage, you'll be glad to know you have three options. All of these choices will have specific guidelines that have to be followed allowing you to put nothing down when financing your house. Below you'll find a couple opportunities available to first time buyers in Ypsilanti Michigan.

The Michigan USDA Rural Development Loan

The 1st choice for a zero down payment mortgage loan is the United States Department of Agriculture's RD mortgage. This mortgage loan requires no down payment but is subject to an up front mortgage insurance premium and it also has income & geographic guidelines. Call Michigan Mortgage Solutions at 248-674-6450 and mortgage broker will let you know if the United States Department of Agriculture Rural Development mortgage loan will work for you.

MSHDA Down Payment Assistance

Another thing to think about on zero down mortgages for first time home buyers in Ypsilanti Michigan is looking into state departments such as the MSHDA. Michigan State Housing Development Authority has services for down payment help that will be collaborated along with FHA mortgage lending. The assistance can total $7,500 and does not make you to send any monthly payments nor does it collect interest but it absolutely must be paid off should you happen to refinance or sell the home. There will be other rules to the Michigan State Housing Development Authority down payment assistance program like your mortgage amount and your gross income as it is put in place to help people earning low to moderate wages.

Local or Federal Grants

The final resource I know of on zero down home loans for first time home buyers in Ypsilanti Michigan is to look up any federal funding granted to Ypsilanti for neighborhood stabilization programs. You can learn more about the options that will be available in your town by contacting your countys community development office which could be located in Google.

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

  • Diana Simpson
    October 26, 2011

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    October 30, 2011

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    October 31, 2011

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    November 8, 2011

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