Competitive rates and flexible mortgage terms
First-time home buyer assistance
Home equity loans and lines of creditFixed 10 year
APR* as low as
Fixed 30 Year
APR* as low as
Fixed 15 year
APR* as low as
Line of Credit
APR* as low as
Buyer Benefits
Designed specifically for first-time homebuyers
Buying Power
Up to $10K in down payment and closing cost assistance
Mortgage Rates
Competitive low-interest first mortgage rates
Home Ownership
May reduce the amount of cash needed to purchase home
Apply without the added cost of application fees. Helping you save!
Get personalized guidance to help navigate each step of the home buying process.
with a spark of...
Whether you’re buying a new home or remodeling the one you already have, we’ve got you covered. With a variety of mortgage options and a team ready to help, we’ll make your journey convenient, affordable, and built around you.
A MSHDA first-time home buyer loan can help lower the amount of cash you need upfront, making homeownership more within reach. Talk with our mortgage team to explore your options and see which programs you may qualify for.
A construction loan provides financing to cover the costs of building a new home, including land, materials and labor. Funds are typically distributed to the builder in stages as construction progresses. Depending on the loan, the construction financing may convert to a permanent mortgage once the home is complete. Requirements vary, so our mortgage team can help you understand your options and what you’ll need to get started.
| Mortgage Loans | APR* | |
|---|---|---|
| as low as | ||
| Ignite 10 Year Fixed Conventional | 6.875% | |
| Ignite 15 Year Fixed Conventional | 6.875% | |
| Ignite 20 Year Fixed Conventional | 6.875% | |
| Ignite 30 Year Fixed Conventional | 7.375% | |
| Ignite 15 Year Vacant Land | 6.875% | |
| Ignite 15 Year Construction 1 Time Close | 7.125% | |
| Ignite 20 Year Construction 1 Time Close | 7.125% | |
| Ignite 30 Year Construction 1 Time Close | 7.125% |
For most people, a mortgage is the largest loan they’ll ever have. It’s essential to understand all that goes into the cost and your responsibility in paying it back.
Get a lump sum with predictable monthly payments to help fund larger expenses. Home Equity Loans offer:
- Competitive Rate
- Set monthly payments
- Fixed interest rates
- Flexible Repayment Options
- Escrow for taxes and insurance available
- Home Equity Loans have a possible tax benefit
Like a credit card, a Home Equity Line of Credit (HELOC) allows you to borrow up to a certain limit of your home’s equity, pay it off and borrow again. HELOCS offer:
- Revolving line of credit
- Monthly payment based on % of balance owed
- Fixed or variable interest rate options available
- Competitive Rate
- Free auto-pay set up
- No Annual Service Fee!
| Home Equity Loans | APR* | Term |
|---|---|---|
| as low as | ||
| Fixed Home Equity Loan | 5.75% | 5 Years |
| Fixed Home Equity Loan | 6.25% | 10 Years |
| Fixed Home Equity Loan | 6.75% | 15 Years |
| Home Equity Line of Credit** | 4.99% |
**Home Equity Line of Credit (HELOC): The promotional period begins March 1, 2025. The introductory rate applies to new HELOCs only. The 4.99% APR introductory rate is fixed for 12 months. After this period, the APR becomes variable and will be based on the Prime Rate plus a margin, with a maximum APR of 18%. Estimated closing costs range from $0 to $125, excluding appraisal fees.
Learn all about Home Equity Lines of Credit and discover if a HELOC is right for you
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Mortgage Payoff +/-
HELOC +/-
What house can I afford?
Mortgage Refi +/-
Save With A Purpose
Rent Affordability +/-
Credit scores play an important role when borrowing money. The higher your score, the lower your rate.
Worried your credit score isn’t great? It’s still worth talking with us! We have great tips on how to move forward and improve your score for future investments.
If you’re purchasing or refinancing a home, an appraisal is typically required, however, some borrowers may qualify for an appraisal waiver. An appraisal may not be necessary for home equity loans.
Every loan is different, but the process can take several weeks from application to closing. Providing requested documents promptly can help keep things moving.
It depends on the loan program. Some mortgages may require as little as 3% down, while other programs may have different requirements. Our mortgage team can help you find an option that fits your situation.
You may need information such as proof of income, employment history, bank statements and identification. Your mortgage team will let you know exactly what is needed for your application.
Closing costs are expenses associated with completing your mortgage and purchasing your home. They can include things like appraisal fees, title costs and other fees related to the loan and closing.
Absolutely. There are mortgage programs designed specifically to help first-time home buyers, including options that may offer lower down payments or assistance with upfront costs.
Mortgage insurance may be required on some loans, particularly when you make a smaller down payment. It helps protect the lender and may be part of your monthly mortgage payment.
Depending on the loan program, you may have options for financing improvements or renovations to your home. Talk with our mortgage team about what options may be available.
Your monthly payment may include principal and interest, along with amounts for property taxes, homeowners insurance and mortgage insurance when applicable.
Getting preapproved can be a helpful first step. It gives you a better idea of what you may be able to afford and can help you shop with greater confidence.
In many cases, yes. However, loan terms can vary, so it’s a good idea to review your specific loan before making additional payments or paying it off early.
Once you apply, your mortgage team will review your financial information, verify documentation and work through the loan approval process. They’ll keep you informed and guide you through the steps leading up to closing.
It’s best to avoid opening new credit accounts or taking on additional debt while your mortgage is being processed. New credit can affect your credit score and debt-to-income ratio, which could impact your loan approval or terms. When in doubt, check with your mortgage team before making any major financial changes.