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Interest Rate Adjustment Mortgage$aver and HERO Programs

Interest Rate Adjustment

Due to changing market conditions, MFA is decreasing the interest rate on the Mortgage$aver and HERO programs, as follows:

  Current Interest Rate New Interest Rate
Mortgage$aver – Gov’t 4.000% 3.875%
Mortgage$aver – Conv. 4.500% 4.375%
Mortgage$aver Zero – Gov’t 4.500% 4.375%
Mortgage$aver Zero – Conv. 5.000% 4.875%
Mortgage$aver Plus – Gov’t 5.000% 4.875%
Mortgage$aver Plus – Conv. 5.500% 5.375%
HERO 5.500% 4.875%

 

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:The interest rate adjustment is effective as of 12:00 PM on April 22, 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.