MSHDA PIP (Property Improvement Program):

• No Maximum Loan-To-Value
• No minimum credit score requirement (can have open medical collections)
• Minimum loan amount of $1,000
• 4-8% rate
• Up to $7,500 with no lien, loan amounts higher than $7,500 require lien
• MSHDA will take 3rd lien position
• Maximum loan amount of $50,000
• 45% back ratio, no exceptions
• Can be used for home improvement only, no debt consolidation
• You do not need to have a MSHDA 1st mortgage to qualify

Call us today to find out more!