June 2019

Buyers No Longer Need a 20% Down Payment with Michigan Down Payment Assistance and Other Loan Products

By |2019-06-15T13:25:17+00:00June 14th, 2019|Down Payment Assistance Programs|

A 20-percent down payment on a house is a lot of money, no question about it. Do you know how long it takes for an average American to save for a 20% down payment? The 2019 Home Affordability Report from co-investment firm Unison found that [...]

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MSHDA Approved Lender Explains New Asset Limits for Down Payment Assistance Program

By |2019-06-07T13:44:18+00:00June 7th, 2019|Down Payment Assistance Programs|

The MSHDA MI Home Loan program is a popular mortgage product that has been helping many people pursue their dream of home ownership by offering $7,500.00 in down payment assistance. First, what are some of the requirements for a MSHDA Loan? Minimum credit score of [...]

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January 2019

Step Forward Down Payment Assistance Program Funds Increase

By |2019-03-24T20:38:52+00:00January 4th, 2019|Down Payment Assistance Programs|

We have some great news for Michigan homebuyers. The Michigan Homeowner Assistance Nonprofit Housing Corporation (MHA) in collaboration with MSHDA, increased funding for The Step Forward Down Payment Assistance (DPA) program by $5 million last week. The Step Forward Down Payment Assistance Program was introduced [...]

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September 2018

3 Michigan Down Payment Assistance Programs That Are Helping Buyers

By |2019-03-24T20:57:59+00:00September 14th, 2018|Down Payment Assistance Programs|

Can't Afford a Down Payment? Michigan Down Payment Assistance May Help So you have found the perfect home, your credit is in good standing and you have no problem making the monthly payments. Only there is one problem - you do not have enough money [...]

May 2018

Michigan Down Payment Assistance Programs

By |2019-03-24T21:16:27+00:00May 11th, 2018|Down Payment Assistance Programs|

Are you currently renting and would love to own a home but the idea of saving for a down payment seems daunting? Does paying that high rent every month make you feel like saving any extra money downright impossible? You are not alone. But the [...]