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MSHDA HOMEOWNERSHIP LOAN PROGRAMS
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- Effective for all loan reservations received on or after
Monday March 4, 2013
- Interest rate remains the same for the life of the loan
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| 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 |
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| *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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