{"id":821,"date":"2013-03-19T12:05:55","date_gmt":"2013-03-19T12:05:55","guid":{"rendered":"http:\/\/riverbankfinance.com\/blog\/?p=821"},"modified":"2013-03-20T13:48:55","modified_gmt":"2013-03-20T13:48:55","slug":"michigan-mshda-grant-money-running-low","status":"publish","type":"post","link":"https:\/\/riverbankfinance.com\/blog\/michigan-mshda-grant-money-running-low\/","title":{"rendered":"MSHDA Grant Money Running Low"},"content":{"rendered":"<p><a href=\"https:\/\/riverbankfinance.com\/blog\/wp-content\/uploads\/2013\/03\/nmslogo_397776_7.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-822\" alt=\"National mortgage Settlement Balalnce\" src=\"https:\/\/riverbankfinance.com\/blog\/wp-content\/uploads\/2013\/03\/nmslogo_397776_7.gif\" width=\"405\" height=\"172\" \/><\/a>\u00a0<a title=\"Michigan First Time Home Buyer Grant | Free $3000 MSHDA Credit for first time home buyers\" href=\"https:\/\/riverbankfinance.com\/blog\/michigan-first-time-homebuyer-grant\/\">MSHDA first time home buyer grant<\/a> money is running low for those looking to purchase homes in Michigan.\u00a0 With the program&#8217;s inception only a couple of months ago, funds are already running low for buyers purchases homes using the national mortgage settlement grant funds.<\/p>\n<p>The current balance as of March 19th, 2013 is at $4,771,560 out of the $15 million originally funded for new buyers.\u00a0 As many of the buyers that started looking for homes with the home buyer assistance in mind start to close their loans, the funds are dramatically lowering as MSHDA posts its weekly fund balance updates.<\/p>\n<p>The program also allows underwater homeowner whom are refinancing through a <a title=\"MSHDA Grant for a Michigan HARP Refinance\" href=\"http:\/\/riverbankfinance.com\/mortgage-programs\/michigan-home-affordable-refinance-program.html\">Michigan HARP Refinance<\/a> to qualify for $500 to be credited towards closing costs. The current MSHDA fund balance for HARP loans is $4,803,020, as of March 19th, 2013, of the original $5 million allocated for this purpose.<\/p>\n<p>The MSHDA grant program is a\u00a0temporary program funded through the National Mortgage Settlement which allows first time home buyers to received $3,000 towards the purchase of a home ($5,000 for veterans).\u00a0 They must not have owned a home in the past 3 years and the home itself must be a single family residence that will be occupied as a primary home.<\/p>\n<p>If you are a buyer relying on these funds for your down payment, we recommend deciding a\u00a0home as soon as possible before the funds dry up. Once the $15 million is gone, borrowers may not be able to qualify for a home purchase.<\/p>\n<h2>Apply for the MSHDA Grant while funds last<\/h2>\n\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f185-o1\" lang=\"en-US\" dir=\"ltr\" data-wpcf7-id=\"185\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/blog\/wp-json\/wp\/v2\/posts\/821#wpcf7-f185-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"185\" \/><input type=\"hidden\" name=\"_wpcf7_version\" value=\"6.1.6\" \/><input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_US\" \/><input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f185-o1\" \/><input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/><input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/><input type=\"hidden\" name=\"_wpcf7_recaptcha_response\" value=\"\" \/>\n<\/fieldset>\n<div class=\"application_form\">\n\t<div class=\"block_top\" id=\"apply_form\">\n\t<\/div>\n\t<div class=\"spacer_top\">\n\t<\/div>\n\t<div class=\"ApplyFullHeader\">\n\t\t<p class=\"replaceheader\">Request Home Loan Information Now!\n\t\t<\/p>\n\t<\/div>\n\t<div class=\"blueBox\">\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-name\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Your Name (required)\" value=\"\" type=\"text\" name=\"your-name\" \/><\/span>\n\t\t<\/p>\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-email\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Your Email (required)\" value=\"\" type=\"email\" name=\"your-email\" \/><\/span>\n\t\t<\/p>\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-phone\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Phone:\" value=\"\" type=\"text\" name=\"your-phone\" \/><\/span>\n\t\t<\/p>\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-goal\"><select class=\"wpcf7-form-control wpcf7-select\" aria-invalid=\"false\" name=\"your-goal\"><option value=\"Purchase\">Purchase<\/option><option value=\"Refinance\">Refinance<\/option><option value=\"Cash Out\">Cash Out<\/option><option value=\"More Information\">More Information<\/option><\/select><\/span>\n\t\t<\/p>\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-message\"><textarea cols=\"40\" rows=\"10\" maxlength=\"2000\" class=\"wpcf7-form-control wpcf7-textarea\" aria-invalid=\"false\" placeholder=\"Your Message:\" name=\"your-message\"><\/textarea><\/span>\n\t\t<\/p>\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"referer-page\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text referer-page\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"referer-page\" \/><\/span><br \/>\n\t\t\n\t\t<\/p>\n\t\t<p><input class=\"wpcf7-form-control wpcf7-submit has-spinner submit\" type=\"submit\" value=\"Submit Now!\" \/>\n\t\t<\/p>\n\t<\/div>\n\t<div style=\"text-align: justify; color:#666666;font-size: small;\">\n\t\t<p>By clicking \"Submit Now!\", you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from Riverbank Finance LLC about your inquiry and other home-related matters, but not as a condition of any purchase; this applies regardless of whether you check, or leave un-checked, any box above. You also agree to our Privacy Policy and Terms of Use regarding the information relating to you. Msg\/data rates may apply. This consent applies even if you are on a corporate, state or national Do Not Call list. This no obligation inquiry does not constitute a mortgage application. To apply now or get immediate assistance, call us at 1-800-555-2098.\n\t\t<\/p>\n\t<\/div>\n<\/div><p style=\"display: none !important;\" class=\"akismet-fields-container\" data-prefix=\"_wpcf7_ak_\"><label>&#916;<textarea name=\"_wpcf7_ak_hp_textarea\" cols=\"45\" rows=\"8\" maxlength=\"100\"><\/textarea><\/label><input type=\"hidden\" id=\"ak_js_1\" name=\"_wpcf7_ak_js\" value=\"197\"\/><script>\ndocument.getElementById( \"ak_js_1\" ).setAttribute( \"value\", ( new Date() ).getTime() );\n<\/script>\n<\/p><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>\u00a0MSHDA first time home buyer grant money is running low for those looking to purchase homes in Michigan.\u00a0 With the program&#8217;s inception only a couple of months ago,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[301,70,306,305],"tags":[375,374,377,376,313],"class_list":["post-821","post","type-post","status-publish","format-standard","hentry","category-buying-a-home","category-first-time-home-buyer","category-home-affordable-refinance-program-2","category-refinance-2","tag-3000-mshda-grant","tag-first-time-home-buyer-grant","tag-harp-grant","tag-michigan-home-buyer-assistance","tag-mshda-grant"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"MSHDA first time home buyer grant money is running low for first time home buyers in Michigan.\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Anthony Bird\"\/>\n\t<link rel=\"canonical\" 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