Interest Rates - MI Home Loan and MI Home Loan Flex Programs 12-8-17

MSHDA Interest Rates

MSHDA Mortgage Interest Rates

MSHDA MI Home Loan

MSHDA MI Home Loan mortgage rates are effective for loan reservations received on or after Monday, January 30, 2017. The interest rate remains the same for the life of the loan.

30 Years - No Down Payment Assistance (DPA)

  • 0 Points

  • 3.500% Interest Rate

  • 3.610% APR

30 Years - With Down Payment Assistance (DPA)

  • 0 Points

  • 4.250% Interest Rate

  • 4.354% APR

 

MSHDA MI Home Loan Flex

MSHDA MI Home Loan Flex mortgage rates are effective for loan reservations received on or after December 8, 2017.  The interest rate remains the same for the life of the loan.

30 Years - FHA & RD no Down Payment Assistance (DPA)

  • 0 Points

  • 3.75% Interest Rate

  • 3.851% APR

30 Years - FHA & RD with Down Payment Assistance (DPA)

  • 0 Points

  • 5.500% Interest Rate

  • 5.612% APR

30 Years - HFA-Conventional no Down Payment Assistance (DPA)

  • 0 Points

  • 4.125% Interest Rate

  • 4.228% APR

30 Years - HFA-Conventional with Down Payment Assistance (DPA)

  • 0 Points

  • 5.375% Interest Rate

  • 5.486% APR

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.