Blog

August 28, 2018
Own a home by putting only 3% down

Can You Really Own a Home with 3% Down?

You can. The 3% down payment option is similar to existing conventional loan programs and can help meet the needs of first-time home buyers in the following ways: The mortgage provides the security of a fixed rate loan. The property can be a one-unit single […]
August 17, 2018

Veterans Affairs (VA) Mortgage Loans

Veterans Affairs (VA) mortgages, make it easier for veterans to obtain financing for home ownership. VA loans are available to veterans and active military members. VA loans are made are guaranteed by the Department of Veterans Affairs. and VA loans are somewhat easier to qualify […]
August 5, 2018
MSHDA DOWN PAYMENT ASSISTANCE

MSHDA DOWN PAYMENT ASSISTANCE

MSHDA DOWN PAYMENT ASSISTANCE The Michigan State Housing Development Authority (MSHDA) offers down payment assistance to people with no monthly payments. The down payment program offers assistance up to $7,500. (or 4% of the purchase price, whichever is less.) The funds can be spent on closing […]
July 27, 2018

New Condo Financing Options

New Condo Financing Options Mortgage 1 has expanded the guidelines their Condo financing options. A condominium complex can be grouped into one of two mortgage categories warrantable and non-warrantable.  A condo complex is considered non-warrantable when they fail to meet criteria by Fannie Mae and Freddie Mac to […]