The start of 2022 brought an uptick in mortgage rates for those looking to purchase a home or refinance their current home. Effective Friday, March 25th, 2022 rates for the MSHDA programs are also increasing. It can be daunting to hear about any increase in [...]
Buy a House with No Money Down? Is this really possible? You're probably wondering what the catch is, especially with the common misbelief still circulating that a 20% down payment is needed. Not only can you get into a home with less than 20%, but [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
