STOP RENTING. START OWNING.
As a MSHDA lender, Jolt can offer financial assistance to those who qualify.
EXPLORE THE BENEFITS
DOWN PAYMENT ASSISTANCE
Qualified first-time homebuyers can be approved to receive $10,000 towards their down payment.
AS LITTLE AS 1% DOWN
Borrowers may be able to purchase as a first-time homebuyer with as little as 1% down.
CURRENT HOMEOWNER
Buyers who have owned a home previously may qualify for MSHDA program in targeted property areas.
WHO'S ELIGIBLE?
To qualify, you must meet the following requirements:
- First-time homebuyer and repeat homebuyer in targeted areas (have not owned a home in the previous three years)
- Meet income eligibility
- Sales Price limit - $224,500 statewide
- Credit score of 640 or higher
*Other restrictions may apply.
limited-time offers!
4.75%*
FIRST-TIME HOMEBUYER
MSHDA RATE RELIEF
First-time homebuyers, we have exciting news! You can now unlock our LIMITED-TIME MSHDA Rate Relief Offer! Owning a home just became more accessible and affordable for families. Take the first step and contact our mortgage team today.
WHO'S ELIGIBLE?
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First-time homebuyers with a qualifying income at or below 80% of Area Median Income (AMI)
-
Credit score of 640 or higher
-
30-year term
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New or existing single-family residences, including some types of manufactured homes
-
Maximum sales price limit - $224,500
*Other restrictions may apply. For more details, call a mortgage expert at (989) 799-8744, ext 1400.
$25,000*
FIRST-GENERATION
DOWN PAYMENT ASSISTANCE
This limited-time program offers up to $25,000 to first-generation homebuyers to cover down payment, closing costs, and prepaid escrows.
WHO'S ELIGIBLE?
- Meet income eligibility
- Property must be primary residence
- Credit score of 640 or higher
- Maximum sales price limit - $224,500
- No prior home purchase in the last 3 years
- One of the following must apply: No parent of the borrower has had an ownership interest (sole or joint) in a property in the last three years, the borrower has aged out of foster care, or the borrower has become emancipated
- Must be combined with a MI Home Loan (conventional, FHA, or USDA)
- Complete a face-to-face homebuyer education class with a HUD Certified Counselor
*Other restrictions may apply. For more details, call a mortgage expert at (989) 799-8744, ext 1400.
| Description | Loan Term \ Details | APR* as low as | Interest Rate |
|---|---|---|---|
| MSHDA | 5% Down Payment Payments amortized 360 months |
6.581% | 6.00% |
| MSHDA with DPA** | 10% Down Payment Payments amortized 360 months |
7.159% | 6.625% |
| MSHDA Rate Relief | 5% Down Payment Payments amortized 360 months | 5.203% | 4.75% |
| MSHDA Rate Relief w/DPA** | 10% Down Payment Payments amortized 360 months | 5.841% | 5.375% |
*APR=Annual Percentage Rate. Rates listed represent our best rates. Rates, terms and conditions vary based on creditworthiness, qualifications and collateral conditions. All loans are subject to approval and rates are subject to change without notice. Other conditions may apply. **Down Payment Assistance The Annual Percentage Rates for the 15-Year, 20-Year, and 30-Year Fixed loans are quoted without PMI premiums or any discount points. To view Payment Examples please select the hyperlinks on each loan rate. | |||
That first home is special. Need help getting started?
We know buying your first home is a big step, and you might have questions. We’re here to help walk you through the home financing process.
MEET OUR MORTGAGE EXPERTS
NMLS ID #715640
Jesse Maldonado, Jr.
VP Mortgage Lending
maldonadoj@joltcu.com
989.799.8744 ext. 1401
State Street, Saginaw
NMLS #433139
Rebecca Swanson
Mortgage Supervisor
swansonb@joltcu.com
989.799.8744 ext. 1402
State Street, Saginaw
NMLS #759033
Laurin Light
Sr. Mortgage Loan Officer
lightl@joltcu.com
989.799.8744 ext. 1408
State Street, Saginaw
NMLS #1817692
Ashley Kubacki
Mortgage Loan Officer
kubackia@joltcu.com
989.799.8744 ext. 1407
State Street, Saginaw
NMLS #2327065
Sara Pettenger
Mortgage Loan Processor
pettengers@joltcu.com
989.799.8744 ext. 1404
State Street, Saginaw
NMLS #2428507
Kat Wallaert
Mortgage Loan Closer
wallaertk@joltcu.com
989.799.8744 ext. 1403
State Street, Saginaw
NMLS #2418233
Deb Baum
Mortgage Underwriter
baumd@joltcu.com
989.799.8744 ext. 1405
State Street, Saginaw
NMLS #819547
Kelly Prast
Mortgage Servicer/Escrow Specialist
prastk@joltcu.com
989.799.8744 ext. 1409
State Street, Saginaw
NMLS #763553
READY FOR THE Next Step?
Complete the form below, or call the Mortgage Team at (989) 799-8744 ext. 1400