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$aver Plus – Conv.||5.500%||5.375%|
In order to provide MFA borrowers with the most affordable financing options during the spring home buying season, MFA is decreasing the interest rates on the Mortgage$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.