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!

FEATURED TOPICS


Equal Housing Lender