If you have any clients looking to use MSHDA and making offers this weekend make sure they lock by Sunday. If you have any clients using MSHDA and you aren't sure if the loan officer has locked them in ....well it might be a good time to check.

Pricing effective 7/28 Source ( MSHDA)

Statewide Fixed NO DPA – (FHA, VA, Conventional & RD) – Fixed Rate – 30-year term 5.875% - No Discount Points – Amortization Factor – 5.91538

Statewide Fixed WITH DPA – (FHA, RD & Conventional 97%) – Fixed Rate - 30-year term 6.250% - No Discount Points – Amortization Factor – 6.15717

Statewide Step NO DPA – (FHA & Conventional 95% ONLY) – 30-year term 5.375% - No Discount Points – Years 1-3 – Amortization Factor – 5.59971 6.375% - No Discount Points – Years 4-30 – Amortization Factor – 6.19317

As Always the no DPA means no MSHDA DPA third party DPA's do not effect the rate.