MSHDA MI Home Loan and MSHDA MI Home Loan with Down Payment Assistance
CNB now offers loan options such as MSHDA MI Home Loan and MSHDA MI Home Loan with Down Payment Assistance.
- Programs are available to first-time homebuyers statewide and to repeat homebuyers in targeted areas.
- Loans are conventional fixed-rate with up to 97% LTV.
- Down-payment assistance is available, up to $7,500*
- Principal residence, single-family unit, condominium or multiple-section manufactured homes are eligible.
- Minimum credit scores of 640; 660 for manufactured homes.
- Income limits apply, determined by location and family size. Cash asset restriction of $20,000. Other restrictions may apply.
Contact one of our mortgage professionals today for additional information on how you can begin the path to homeownership.
*Upon completion of Homebuyer Education Class