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Homebuyers Interest Rates Image

MSHDA HOMEOWNERSHIP LOAN PROGRAMS
  • Effective for all loan reservations received on or after Monday, April 25, 2011
  • Interest rate remains the same for the life of the loan
Term Points
Interest Rate
 APR*
30 years WITHOUT DPA 0 4.750% 4.857%
30 years WITH DPA* 0 5.125% 5.234%
Conventional funding limited to 80% LTV
 
*The annual percentage rate (APR) quoted above represents a typical $99,200 FHA-insured, fixed rate loan on a $100,000 home with a down payment of $2,250 and financed Upfront Mortgage Insurance Premium (UFMIP). This APR is based on a 1% origination fee, 15 days interest adjustment and $220 for loan closing fee. Please note that the actual APR may vary depending upon the Mortgage Loan Fees the participating lender charges the borrower.
 
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Related Content
 •  Buying Your Home
 •  Down Payment Assistance for Persons With Disabilities
 •  Employer Assisted Housing
 •  Targeted Areas
 •  Homeownership Loan Products

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