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Zero Down Home Loans For First Time Buyers in Utica

If by chance you're a 1st time buyer in Utica Michigan and you're interested in a 0 down home loan, you will notice you have several options. All of these opportunities provide specific guidelines that should be followed allowing you to put zero down when financing your first house. Below you will find a couple options available to you as a first time home buyer in Utica Michigan.

The Michigan USDA Rural Development Loan

The 1st opportunity for a 0 down mortgage is the USDA's Rural Development mortgage. This mortgage financing allows zero down but is subject to an up front mortgage insurance premium and it also has geographic and income guidelines. Call Michigan Mortgage Solutions at 248-674-6450 and loan officer can let you know if the United States Department of Agriculture Rural Development loan is a good fit for you.

MSHDA Down Payment Assistance

Another thing to think about on 0 down home loans for first time home buyers in Utica Michigan is looking into state departments as in the Michigan State Housing Development Authority. MSDA has services for down payment aide that will be collaborated along with Federal Housing Administration home loan lending. This assistance could total up to $7,500 and will not make you to pay any payment nor does it accrue interest but it absolutely must be paid off should you need to refinance or sell your home. There will be other guidelines to the Michigan State Housing Development Authority down payment assistance program like your mortgage amount and your wages as it is put in place to assist buyers with low to moderate salaries.

Local or Federal Grants

The final option I know of on zero down home loans for first time home buyers in Utica Michigan is to inquire about any federal money offered to Utica for neighborhood stabilization programs. You will find more on the options that will be offered in your township by contacting your townships community development municipality which could be found in Google.

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

  • Scott Morris
    October 26, 2011

    I appreciate you sharing this blog post.Really looking forward to read more. Great.

  • November 1, 2011

    Looking forward to reading more. Great post.Really looking forward to read more. Keep writing.

  • Kristy
    January 7, 2012

    Thanks for all the great posts - I've learned a lot!

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