If you have shielded possibly an effective MI Financial otherwise MI Domestic Loan Flex mortgage, you really need to apply for advance payment help discovered doing $seven,five hundred — or cuatro % of home’s purchase price, whatever are quicker — to help you along with your deposit and you can any closing costs. The support arrives just like the a no-attract financing, however you will need pay-off brand new $seven,500 in case the residence is offered, refinanced or paid in full.

The sole catch? You will need to put down at the very least 1 percent of one’s home’s purchase price using your own discounts, and all of people in your domestic need done 1 day-a lot of time homebuyer’s knowledge path. Читать далее →