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Zero Down Home Loans For First Time Buyers in Washington

If you happen to be a 1st time home buyer in Washington Michigan and you're looking for a zero down payment mortgage, you will find you have three options. Each of these options provide strict guidelines that should be met allowing you to put zero down when mortgaging your house. Below you will find a several opportunities available to first time buyers in Washington MI.

The Michigan USDA Rural Development Loan

The first opportunity for a 0 down payment home loan is the United States Department of Agriculture's Rural Development home loan. This mortgage loan requires zero down but is the beneficiary of an up front mortgage insurance premium and it also has geographic and income restrictions. Call the pros at 248-674-6450 and Michigan Mortgage Solutions can inform you if the United States Department of Agriculture RD mortgage loan will work for you.

MSHDA Down Payment Assistance

Another thing to consider on zero down home loans for first time home buyers in Washington Michigan is checking out state programs like the MSHDA. Michigan State Housing Development Authority has services for down payment assistance which will be collaborated in conjunction with Federal Housing Administration home loan financing. This loan could be as much as $7,500 and doesn't require you to pay any monthly payments nor will it charge interest but it must be paid off if you happen to refinance or sell your house. There are other guidelines to the MSHDA down payment assistance program like your mortgage total along with your household income as it is put in place to assist people earning low to moderate incomes.

Local or Federal Grants

The last option available on zero down home loans for first time home buyers in Washington Michigan is to look into any federal money granted to Washington for
neighborhood rehabilitation programs. You could observe more on the resources that are available in your town by reaching out to your towns community development representative which will be easily found on the web.

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

  • Harold Mcdonald
    October 25, 2011

    Thank you for your post.Really looking forward to read more. Cool.

  • George Jones
    November 7, 2011

    I truly appreciate this blog article. Fantastic.

  • Kristy
    January 7, 2012

    I never even knew there was a Washington, Michigan!

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