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MSHDA - Michigan State Housing Development Authority | LARA Michigan State Housing Development Authority | LARA
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Interest Rates for Mi First Home Loan Programs


MSHDA Interest Rates

MSHDA mortgage rates are effective for MiFirst Home loan reservations received on or after Tuesday November 12, 2013. The interest rate remains the same for the life of the loan.

30 Years - No Downpayment Assistance (DPA)

  • 0 Points
  • 4.1250% Interest Rate
  • 4.228% APR

30 Years - With Downpayment Assistance (DPA)

  • 0 Points
  • 4.750% Interest Rate
  • 4.857% APR

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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