Admin

"FINALLY" Help For Struggling Folks !

By
Real Estate Agent with Keller Williams Realty

 Rose Mary Si..., Real Estate Pro in Northville Written by Rose M. Simms, Real Estate Professional in Northville/Novi Michigan and its surrounding cities September 27, 2008

Many Types of Homes Qualify for MSHDA home ownership programs. Are you aware of what this program can do for you, a family member or a friend?

I use to think MSHDA government grant type loans were only used for low income participants and for specific areas. You know what I found out? Yes, there are targeted areas that allow a family who earns an income as low as $30,000 (which is fabulous because they can own a home!) however I also learned it can be an income in excess of $90,000.00 as well as finding non-targeted areas that will allow an income in the 80's.

In addition it provides an incredible refinance program that in many instances can stop foreclosure as long as you have not missed 3 - 30 day late mortgage payments. It's called a Rescue Refinance. I was so excited after taking a class on this program. Matter of fact I can't wait to tell everyone in my contact list. Even if this data doesn't apply to you, I bet you know at least one person who can use a "Home Emergency Loan Program".

Governor Granholm signed Legislative Bills on April 2nd, 2008 that gave MSHDA statutory authority to purchase refinance mortgage loans. The reason why the majority of the public isn't aware of it is because only certain lenders have the authorization to provide the program.

Isn't it ashame the media didn't pick up on it? The best thing, rates are under 6%, you can use tips and other people living in your home that pay rent as additional income - the sales price limit is $224,250.00 state wide. You know what else? MSHDA purchases conventional loan products too. Do you think I can find you a home? I think so. (remember though, certain guidelines apply and each case needs to be reviewed individually)

In addition to providing incredible loan packages it also has a division to aide individuals and families by providing help through a homeowner counselor (which is a free, yes a FREE service) to get you out of debt, increase your FICO scores and prepare you to acquire the MSHDA loan.

Do you know they even have a "HELP" Loan? This home emergency loan program provides funds which can be used against delinquent debt! In case you are wondering why I am so ecstatic... let me tell you. Everyone has a dream to buy a home and MSHDA's, " Save The Dream Campaign" allows me to help you full-fill the most incredible experience ever and that is; you can be a homeowner, whether  your desire be that white picket fence, or all brick home, maybe a fenced yard, big garage, or the security of knowing rent will never increase again.

Purchasing a home not only is a security investment for retirement but its a sense of accomplishment to know that you have secured a home for your own well being, leaving a legacy for your family.

If you would like information on available counseling services or any of the programs mentioned; call me, or visit my website for contact information.

My number is: 248-471-2443

http://www.rosesimms.com





 

Show All Comments Sort:
Anonymous
Debra McGuire

Rose,

 

I appeciate you for helping me get MSHDA financing.  I am very happy in my new home!  You went above an beyond when getting me my perfect residence and financing together,

 

Thanks,

Deb

Sep 27, 2008 01:52 AM
#1
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

Welcome to Active Rain and congrats on your first post.  Be sure to spend some time looking around at how and what others are blogging here - it is a great education and lots of fun.  Looks like you're off to a great start...keep it up!

Sep 27, 2008 05:44 AM
Kevin Wood,
Keller Williams Southern Arizona - Tucson, AZ
Tucson, AZ Realtor

Rose Mary,

Welcome! Sharing your perspective makes Active Rain what it is, an unlimited educational resource. The more you express who you are and what makes you tick the more people will know, like, and trust you. And will probably refer you. Just like anything else in life the "Giver's will Gain".

 

 

 

Sep 27, 2008 10:10 AM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Rose Mary,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to you!

-Keith

Sep 27, 2008 01:43 PM
Vicente A. Martinez
Prudential Douglas Elliman Licensed Real Estate Salesperson - Woodhaven, NY
Realtor, Brooklyn - Long Island - Queens Homes

Hi and welcome to active|rain. There are thousands of tips, tools, and tricks of the trade here. Be sure to check them out. Best of luck and see you around.

Sep 27, 2008 04:58 PM
SEAN THANH NGUYEN
Keller Williams Realty East Valley - Chandler, AZ
Branch Manager

Hello Rose,

Welcome to Active Rain ! Don't forget to check out "How To Use My Settings Page" under "Getting Started" section. It helps to get your blog(s) ranked higher in Google & Yahoo! We offer one-stop-shop Arizona real estate services and up to 35% Realtor referral fee!

Sean Nguyen

Sep 27, 2008 06:48 PM
The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm

Sep 28, 2008 01:23 AM
Steve Vennemann-Hennepin-Dakota-Anoka contract for deed property-Ramsey-MN
BoardWalk Premier Realty INC - White Bear Lake, MN

<!--StartFragment-->

Welcome to active rain from http://www.mnlakeplace.com this site is a great site to learn from and interact with other Real Estate agents/Broker. 

<!--EndFragment-->

Sep 30, 2008 06:24 AM