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Interest Rate Adjustment Mortgage$aver Zero Government and HERO Programs

Interest Rate Adjustment

In order to provide MFA borrowers with the most affordable financing options, MFA is decreasing the interest rate on the Mortgage$aver Zero Government 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. 4.625% No change
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 June 26, 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.