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Interest Rate Adjustment Mortgage$aver Zero and HERO Programs

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 Zero and HERO programs, as follows:

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

 

The interest rate adjustment is effective as of 12:00 Noon on May 27, 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.