Home Ownership May Be Closer Than You Think.

If you have the dream to own a home and all you need is the down payment, I can help you find it. Use my Down Payment Connect tool to discover all the home ownership programs that can help you buy sooner. It will help you determine your eligibility for programs in your market.

MSHDA Down Payment Assistance The Michigan State Housing Development Authority’s Down Payment Assistance Program offers an array of benefits that can help aspiring homeowners achieve their dreams of purchasing a house. First and foremost, the program provides financial assistance with the down payment, in the form of forgivable loans up to $7,500, which can significantly reduce the amount of money required to purchase a home. This, in turn, makes housing more affordable and accessible for low- to moderate-income families who might otherwise struggle to cover these costs.

MSDHA DPA offers flexibility when it comes to repayment terms, making it easier for borrowers to manage their finances over time. The program supports sustainable home ownership by offering resources such as home buyer education courses and financial counseling services that can help individuals make informed decisions about purchasing and maintaining their homes.

Overall, MSDHA DPA is a valuable resource that helps foster stronger communities by supporting responsible home ownership among diverse groups of people. To be eligible for the program, applicants must meet certain criteria, including: Having a credit score of at least 640. Completing a home buyer education course. Meeting income limits based on household size and location. Sales Price limit - $224,500 statewide. Available to first-time home buyers (have not owned a home in the previous three years) statewide.

Check your eligibility at this Down Payment Assistance Web Site