Brandon Adler, a loan officer with 5/3rd Bank shares how to get below market interest rates on homes bought in the City of Jackson. You could save thousands of dollars on your new home!
The MSHDA MI First Home Program is now offering reduced interest rates on home loans in select Michigan cities. Jackson MI is one of those cities.
For a limited time, your can purchase a home with rates as low as 3.125% and as low as 1% down payment.
MSHDA has set aside $30 Million to provide lower interest rates to either first-time homebuyers statewide, or repeat home buyers in targeted areas. The Homebuyer’s income must qualify and the property must be their primary residence and not exceed MSHDA’s MI First Home programs sales price limit of $224,500.
Homebuyers meeting all eligibility requirements in these cities will be offered a MSHDA MI First Home mortgage at the interest rate of 3.125% without down payment interest and a rate of 3.625% with down payment assistance.
This offer is only available until the first $30 million have been depleted, so act fast. Contact an experienced MSHDA Lender today!