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Interest Rate Adjustment

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 Conv program, as follows:

  Current Interest Rate New Interest Rate
Mortgage$aver – Gov’t 3.750% No change
Mortgage$aver – Conv. 4.375% 4.250%
Mortgage$aver Zero – Gov’t 4.250% No change
Mortgage$aver Zero – Conv. 4.625% No change
Mortgage$aver Plus – Gov’t 4.750% No change
Mortgage$aver Plus – Conv. 5.375% 5.250%
HERO 4.750% No change

 

The interest rate adjustment is effective as of 9:00 am on August 13, 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.