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Interest Rates

MSHDA HOMEOWNERSHIP LOAN PROGRAMS

 

  • Effective for all loan reservations received on or after
    Monday March 4, 2013
  • Interest rate remains the same for the life of the loan 

Term Points  
Interest Rate
APR*
30 years WITHOUT DPA 0 3.125% 3.284%
30 years WITH DPA* 0 3.625% 3.790%
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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