MSHDA - Interest Rates

INTEREST RATES FOR MSHDA HOMEOWNERSHIP LOAN PROGRAMS

Effective for all loan reservations received on or after Tuesday September 2nd, 2008.
MSHDA interest rates can change frequently. Please check back here for the most current interest rates.

FIXED RATE LOAN (Interest Rate Remains the Same For the Life of the Loan)

Term	Points	Interest Rate	APR*
30 years WITHOUT DPA	0	6.125%	6.263%
30 years WITH DPA**	0	6.500%	6.643%
**MSHDA/FHA and MSHDA/Conventional 97% Loans ONLY

STEP RATE LOAN
(Interest Rate Increases After First 3 Years)

Term	Points	Interest Rate		APR*
		1st 36 mos.of Loan	Beginning with 37th month
30 yrs	0	5.625%	6.625%	5.757%
MSHDA/FHA and MSHDA/Conventional 95% Loans ONLY

EMPLOYER ASSISTED HOUSING DOWN PAYMENT ASSISTANCE (EAH-DPA)

Term	Points	Interest Rate	APR*
30 years	0	6.375%	6.516%
MSHDA/Conventional 97% Loans ONLY

ACQUISITION/DEVELOPMENT/RESALE DOWN PAYMENT ASSISTANCE (ADR-DPA)

Term	Points	Interest Rate	APR*
30 years	0	6.125%	6.263%
MSHDA/FHA, MSHDA/Conventional or MSHDA/RD Guaranteed Loans ONLY

GRADUATE PURCHASE ASSISTANCE PROGRAM (GPA)

Term	Points	Interest Rate	APR*
30 years Without DPA	0	4.875%	4.999%
30 years With DPA	0	5.250%	5.378%
MSHDA/Conventional Loans ONLY

MSHDA ASSIST REFINANCE PROGRAM

Term	Points	Interest Rate	APR*
30 years - 97% LTV & below	0	6.750%	6.896%
30 years - 97% LTV with 2nd Lien	0	7.125%	7.250%
MSHDA/Conventional Loans ONLY

MSHDA RESCUE REFINANCE PROGRAM

Term	Points	Interest Rate	APR*
30 years - Up to 100% LTV	0	7.375%	7.500%
MSHDA/Conventional Loans ONLY

*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.