Down Payment Assistance

For homebuyers with low to moderate income the Michigan State Housing Development Authority (MSHDA) has a program offering up to a $7,500 interest free loan which can be used for the down payment, closing costs, pre-paid expenses, or even a home inspection!  There are no monthly payments, but the loan is due when the home is re-sold, or if the first mortgage is re-financed or paid off!  This is a great program well worth checking into.  For more information please visit:

https://www.michigan.gov/mshda/0,4641,7-141-45866-175332--,00.html

  

Jared Hammond

Jared Hammond

Real Estate Associate & Property Manager
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