Explore a 6.125% home loan or up to $10,000 in down payment help

Buying a home? MSHDA offers a 30-year fixed mortgage at 6.125% with no points, or up to $10,000 toward your down payment and closing costs. Call (269) 364-6000 to explore your options.

Eligibility requirements apply. Rates may change. The 6.125% rate excludes down payment assistance. Assistance is a repayable loan.

See if you qualify
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Credit Enrichment Program

Improve Your Credit, Secure Your Mortgage

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Locally Owned in Kalamazoo

Understanding Mortgage Qualification

Mortgage lenders evaluate two crucial aspects when reviewing your application:

  • Ability to Repay: Assessed through your income-to-debt obligation ratio.
  • Willingness to Repay: Determined primarily by your credit score.

Ultimately, your credit score influences your eligibility for a mortgage and significantly impacts the interest rate you will receive.

Factors Affecting Your Credit Score

Improving your credit score involves managing various financial factors, not just avoiding late payments. Important considerations include:

  • Credit Balances: High balances on credit cards or lines of credit can negatively affect your score.
  • Number of Accounts: The total number of open credit accounts or trade lines can influence your credit health.
  • Excess Available Credit: Surprisingly, having too much unused available credit can also reduce your score.
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Kickstart Your Journey to Homeownership

How Our Credit Enrichment Program Helps You

At Kalamazoo Mortgage, our Credit Enrichment Program connects you with a dedicated credit specialist who will:

  • Evaluate Your Credit Situation: Provide a comprehensive assessment of your current financial status.
  • Customized Strategies: Develop personalized plans, including creating savings strategies, setting up repayment schedules, consolidating or closing specific accounts, and disputing inaccuracies on your credit report.
  • Financial Best Practices: Guide you through sound financial practices aimed at enhancing your credit profile.

By organizing your finances effectively, you can significantly improve your credit score, positioning you for better mortgage terms.

Ready to Enhance Your Credit and Achieve Homeownership?

Contact Kalamazoo Mortgage today and let us help you build a solid financial foundation and secure the home loan you deserve.

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