Interest Rate Adjustment
In order to provide MFA borrowers with the most affordable financing options during the spring home buying season, MFA is decreasing the interest rates on the Mortgage$aver and HERO programs, as follows:
|Current Interest Rate||New Interest Rate|
|Mortgage$aver – Gov’t||3.875%||3.750%|
|Mortgage$aver – Conv.||4.375%||4.250%|
|Mortgage$aver Zero – Gov’t||4.375%||4.250%|
|Mortgage$aver Zero – Conv.||4.875%||4.750%|
|Mortgage$aver Plus – Gov’t||4.875%||4.750%|
|Mortgage$aver Plus – Conv.||5.375%||5.250%|
The interest rate adjustment is effective as of 9:00AM on May 7, 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.