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Interest Rates for Homeownership Loan Programs

MSHDA mortgage rates are effective for all loan reservations received on or after Monday August 5, 2013. The interest rate remains the same for the life of the loan.
| Term |
Points |
Interest Rate |
APR |
| 30 years No DPA |
0 |
4.500% |
4.605% |
| 30 years With DPA |
0 |
4.875% |
4.983% |
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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