Now is the Time to Make The Move !

mshda money available


 
PROGRAM HIGHLIGHTS
  • Zero-interest, non-amortizing loan with no monthly payments.
  • Maximum assistance is $7,500.
  • Available with MSHDA's FHA, Rural Development or 97 percent Conventional first mortgage.
  • Funds may be used for down payment, closing costs, prepaid/escrow expenses and a home inspection performed by a licensed home inspector.
  • The loan is due upon sale or transfer of the property or if the first mortgage is refinanced or paid in full.
BORROWER GUIDELINES
  • Available to low-to-moderate income homebuyers. Household income limits are approximately 80% of the area median income and vary depending on location and family size.
  • Sales price limits - $195,000 to $224,500 depending on location.
  • Borrower must complete a homebuyer education class.
  • Minimum borrower contribution of one percent of the sales price.
Interest Rates

 

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Online Reports


To enhance your buying and selling experience, it’s our job as real estate professionals to provide you with as much valuable information as possible. It is essential that the buyer or seller be aware of all aspects of the real estate market before making a major decision. Whether it be through newsletters, checklists or news articles, we are here to make this process stress-free and rewarding. Please access our free reports today!

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MAKER YOUR DREAM A HOME!!!!


Mortgage Interest Rates*

Rates as of 01/28/2008:

 

Conforming

APR

Payment per
$1,000

Jumbo

APR

Payment per
$1,000

30-Yr. fixed

5.500%

5.635%

$5.68

6.375%

6.470%

$6.24

15-Yr. fixed

5.000%

5.227%

$7.91

6.125%

6.281%

$8.51

7-Yr. fixed ARM

5.375%

5.509%

$5.60

6.125%

6.219%

$6.08

5-Yr. fixed ARM

4.875%

5.005%

$5.29

5.875%

5.967%

$5.92

3-Yr. fixed ARM

4.750%

4.879%

$5.22

6.000%

6.093%

$6.00

5-Yr. Int. Only

5.000%

5.131%

$4.17

6.500%

6.596%

$5.42

20-Yr. fixed

5.375%

5.556%

$6.81

6.000%

6.124%

$7.16

FHA 30 fixed

5.500%

5.635%

$5.68

NaN%

0.000%

$0.00

40-Yr fixed

5.750%

5.866%

$5.33

NaN%

0.000%

$0.00

*Rates are subject to change due to market fluctuations and borrower's eligibility.

All of the above rates are quoted with ONE DISCOUNT POINT and are subject to change without notice. Minimum loan amounts apply (Conforming $250,000; Jumbo $500,000; FHA $200,000). One of our fundamental goals is to aid Realtors in increasing and maintaining their business. Ask me how we can BOOST your business in 2007.