There are several down payment assistance programs available in Michigan to help individuals and families purchase a home. Here are a few examples:
- Michigan State Housing Development Authority (MSHDA) – MSHDA offers several programs, including down payment assistance for first-time homebuyers and assistance for veterans. The programs offer grants and loans to help with down payment and closing costs.
- Michigan Down Payment Assistance (MDPA) – MDPA is a nonprofit organization that provides down payment assistance to low- and moderate-income homebuyers in Michigan. The program offers a forgivable loan of up to $7,500 to help with down payment and closing costs.
- Homebuyer Education and Counseling – Many local housing counseling agencies in Michigan offer homebuyer education and counseling programs that can provide assistance with down payment and closing costs. These programs typically require completion of a homebuyer education course and may offer grants or low-interest loans to help with down payment.
- Detroit Home Mortgage – This program provides down payment assistance to homebuyers in Detroit. It offers a second mortgage to cover the down payment and closing costs, and the loan is forgivable after five years of living in the home.
It’s important to note that eligibility requirements and program availability can vary depending on the program and location. I recommend contacting a local housing counseling agency or lender to learn more about the down payment assistance programs available in your area.
To discuss more, schedule a no-strings-attached consultation with Beth at; https://calendly.com/bet…/no-strings-attached-conversation
I'm Beth Little and I love helping first time home buyers make their first home more affordable and I love helping sellers looking to move up to their forever home. Let me know how I can help you make your real estate dreams come true.
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Northville, MI 48167
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