MI Home Loan FLEX

Requirements for MI Home Loan FLEX

Repeat Buyers Icon

1st Time or Repeat Homebuyer

Eligible borrowers can be either a first-time homebuyer or a repeat homebuyer.

660 Credit Score

To qualify for the MI Home Loan FLEX, a credit score of at least 660 is required.

Sales Price Limit of $224,500​

A potential homebuyer can purchase a house with a maximum Sales Price of $224,500.

Debt to Income: 45%​

A maximum debt to income of 45% is expected for eligible borrowers.

MI Home Loan FLEX Video Overlay


Mother & Daughter Mixing Bowl

Did you know  FACT:  Not ALL Adults in the household need to apply, ONLY qualifying borrowers will be necessary.     Thumbs Up Icon

7,500 DPA Graphic

Mortgage Options



USDA’s Rural Development

Click Here

To see if you qualify for this program, please click the check mark to the left to begin the pre-approval process.  It’s a fast and free option to see if you qualify for up to $7,500 in down payment assistance funds.

Complete MI Home Loan FLEX Details

Green Arrow

For assistance or if you have any questions,

feel free to give us a call.

MSHDA DPA White Logo

Customer Support

2021 MSHDA DPA | Down Payment Assistance | Mortgage Program

© 2021, Mortgage 1. For complete licensing information, Please go to NMLS.org. | Company NMLS #129386. Mortgage 1 (“the Company”) maintains policies and procedures designed to protect the integrity and security of consumer and customer information. Mortgage 1 Inc.is a national mortgage servicer and accepts payments from consumers. We are required to be licensed as a debt collection company. NMLS #129386. Any mention of a loan officer or applying for a mortgage would reference John Higgins, Senior Loan Officer NMLS 136061. Thank you for considering Mortgage 1 for your mortgage financing needs. The Mortgage 1 Inc. website uses cookies, tracking pixels and related technologies that collects personal information. Cookies are small data files that are served by our platform and stored on your device. Our site uses cookies dropped by us for a variety of purposes including to operate and personalize the website. Also, cookies may also be used to track how you use the site to target ads to you on other websites.

Scroll to Top