Available today May 17th, 2024 we are excited to announce our new 0% Down Purchase Mortgage! This program is available to first time homebuyers with no income limits! Repeat buyers are also eligible if they meet income limits for their area. With this Down Payment Assistance Program (DPA), the borrower will get a conventional mortgage… Read more »
Buy a home using down payment assistance in Michigan with Freddie Mac’s BorrowSmart Program. Homebuyers below the Area Median Income (AMI) Limits can receive up to $2500 in down payment assistance. The program is available only for purchase loans being used as a primary residence. Homebuyers may be eligible with a credit score of at… Read more »
What everyone is referring to as the new MSHDA grant is not free money. Actually, it is not even a grant. It is a second mortgage that may be used in place of a down payment when buying a new home in the form of down payment assistance. Contrary to what most people assume,… Read more »
Riverbank Finance LLC is excited to offer the new Conventional 1% Down mortgage program. This down payment assistance program is better than 99% financing; You purchase a home with a 1% down payment and we will pay up to a 2% down payment towards your home purchase! This gives you 3% equity at closing! Important… Read more »
Important Update! Program discontinued 06/01/2024! Please see our new Zero Down DPA Program! Buy a Home with Just 1% Down and get up to a 2% Lender Gift towards your down payment. Buying a home has never been more affordable with our low down payment Conventional Mortgage. Unlike Down Payment Assistance programs, such as MSHDA,… Read more »
Tax refund season and home buying season land at almost exactly the same time every year — here is how to use your tax refund to buy a home! For a lot of buyers, that refund check is the missing piece for first time home buyers. The average federal refund this year is running close… Read more »
Discover how self-employed Michiganders can secure the perfect mortgage in 2025. Learn eligibility, documentation, loan options, rates, tips & expert advice.
On May 1st, 2024 the FHFA announced the First-Generation Homebuyer Loan program. This is a home loan targeted at homebuyers whose parents have not owned real estate. Those who qualify under this loan may receive discounted mortgage rates, down payment assistance or help with closing costs. This new program is part of their Final Rule… Read more »
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