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Rural Development Income Guidelines Below are the Rural Development income limits for some of the Michigan counties that we are located. For other Michigan Counties, please use the rural development income eligibility calculator. Guaranteed Rural Housing Program Moderate Income Limits
If you apply for a mortgage loan with and/or obtain a mortgage loan from Guaranteed Rate, Guaranteed Rate is your mortgage lender. The guaranteed rate loan officer who takes your loan application is your Loan Officer.
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Points provide a way for you to lower the interest rate, and in turn lower your monthly mortgage payment. One mortgage point is equal to 1% of your mortgage amount. For example, on a $200,000 loan, one mortgage point is equal to $2,000. You can pay 1 point, or $2,000, at closing in exchange for a lower interest rate over the life of your loan.
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Find out what else makes Guaranteed Rate stand out as one of today’s top online mortgage lenders.. Mortgage Application Requirements. In total, the biggest factors for qualifying for a Guaranteed Rate mortgage are a good credit score, a positive credit history, and consistent income.
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