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 »
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 »
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 »
**This program has expired – please visit No Down Payment Mortgage for other options.** Homebuyer Assistance and HARP Refinance Grant Programs Due to the National Mortgage Settlement, Michigan received $97.2 million for the purpose of creating the Homeowner Protection Fund and has created 2 new programs for the mortgage industry. 1. HOMEBUYER ASSISTANCE – $15 million… Read more »
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