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IInterest Rate Adjustment Mortgage$aver Conventional and HERO Programs

Interest Rate Adjustment

In order to react to changing market conditions, MFA is increasing the interest rates on the Mortgage$aver Conventional and HERO programs, as follows:

  Current Interest Rate New Interest Rate
Mortgage$aver – Gov’t 3.750% No change
Mortgage$aver – Conv. 4.250% 4.375%
Mortgage$aver Zero – Gov’t 4.000% No change
Mortgage$aver Zero – Conv. 4.625% 4.750%
Mortgage$aver Plus – Gov’t 4.750% No change
Mortgage$aver Plus – Conv. 5.250% 5.375%
HERO 4.500% 4.750%

 

The interest rate adjustment for the HERO Program was effective as of 9:00 AM on June 5, 2014.

The interest rate adjustment for the Conventional Mortgage$aver Programs is effective as of 12:00 Noon on June 5, 2014.

Thank you for participating in MFA’s program.  Should you have any questions, please contact an MFA Homeownership Representative at 1-800-444-6880 or 505-843-6880.