STOP RENTING. START OWNING.
As a MSHDA lender, Jolt can offer financial assistance to those who qualify.
EXPLORE THE BENEFITS
DOWN PAYMENT ASSISTANCE
Qualified first-time homebuyers can be approved to receive $10,000 towards their down payment.
AS LITTLE AS 1% DOWN
Borrowers may be able to purchase as a first-time homebuyer with as little as 1% down.
CURRENT HOMEOWNER
Buyers who have owned a home previously may qualify for MSHDA program in targeted property areas.
WHO'S ELIGIBLE?
To qualify, you must meet the following requirements:
- First-time homebuyer and repeat homebuyer in targeted areas (have not owned a home in the previous three years)
- Meet income eligibility
- Sales Price limit - $544,233 statewide
- Credit score of 640 or higher
*Other restrictions may apply.
| Description | Loan Term \ Details | APR* as low as | Interest Rate |
|---|---|---|---|
| MSHDA | 5% Down Payment Payments amortized 360 months |
6.581% | 6.00% |
| MSHDA with DPA** | 10% Down Payment Payments amortized 360 months |
7.159% | 6.625% |
*APR=Annual Percentage Rate. Rates listed represent our best rates. Rates, terms and conditions vary based on creditworthiness, qualifications and collateral conditions. All loans are subject to approval and rates are subject to change without notice. Other conditions may apply. **Down Payment Assistance To view Payment Examples please select the hyperlinks on each loan rate. | |||
That first home is special. Need help getting started?
We know buying your first home is a big step, and you might have questions. We’re here to help walk you through the home financing process.
MEET OUR MORTGAGE EXPERTS
NMLS ID #715640
Jesse Maldonado, Jr.
VP Mortgage Lending
maldonadoj@joltcu.com
989.799.8744 ext. 1401
State Street, Saginaw
NMLS #433139
Rebecca Swanson
Mortgage Supervisor
swansonb@joltcu.com
989.799.8744 ext. 1402
State Street, Saginaw
NMLS #759033
Laurin Light
Sr. Mortgage Loan Officer
lightl@joltcu.com
989.799.8744 ext. 1408
State Street, Saginaw
NMLS #1817692
Wayne Pennell
Mortgage Loan Officer
pennellw@joltcu.com
989.799.8744 ext. 1406
State Street, Saginaw
NMLS #989224
Sara Pettenger
Mortgage Loan Processor
pettengers@joltcu.com
989.799.8744 ext. 1404
State Street, Saginaw
NMLS #2428507
Kat Wallaert
Mortgage Loan Closer
wallaertk@joltcu.com
989.799.8744 ext. 1403
State Street, Saginaw
NMLS #2418233
Deb Baum
Mortgage Underwriter
baumd@joltcu.com
989.799.8744 ext. 1405
State Street, Saginaw
NMLS #819547
Kelly Prast
Mortgage Servicer/Escrow Specialist
prastk@joltcu.com
989.799.8744 ext. 1409
State Street, Saginaw
NMLS #763553
READY FOR THE Next Step?
Complete the form below, or call the Mortgage Team at (989) 799-8744 ext. 1400