06 Mar MSHDA loans
For those of you who already live here, and for those of you who are thinking about moving here, this is a great first time home buyer loan. Many times I have had a client who was relocating here from another area who was a 1st time buyer as well. The area they came from they could not afford to buy a home. Hence, the move to Michigan…….to be able to afford a home and still live in the life style to which they have become accustomed to.
The http://michigan.gov/mshda/ Michigan State Housing Development Authority, established in 1966, provides financial and technical assistance through public and private partnerships to create and preserve safe and decent affordable housing, engage in community economic development activities, develop vibrant cities, towns and villages, and address homeless issues
Their interest rates are always lower then market rate. Check out what their interest http://michigan.gov/mshda/0,1607,7-141-5672-173538–,00.html rates are today!
The loan is based on income and price limits area’s. However http://www.michigan.gov/documents/mshda_sf_income_and_sales_price_limits_100946_7.pdf income levels are generous.
This MSHDA product can used with conventional, FHA, VA and Rural Development.
There is also a http://www.michigan.gov/mshda/0,1607,7-141-5505_46195—,00.html“ PIP program that you can use along side of your home loan to use for renovation
Can you say “I want my cake and eat it too”?
The rates may and will change so you must go back and check them from time to time. To http://www.phmgr.com/“ pre-qualify for a loan you can now do this on line. This on line application is provided by Providence Home Mortgage Inc……..I.C.C.F a non-profit organization. Another worthy cause. The proceeds from their loans first go to pay salaries and then right back to I.C.C.F. Feel free to try this on-line application and tell them MICHELLE GORDON sent you!