Forgivable Down Payment Money Available

Dated: 11/10/2018

Views: 90

Are you wanting to buy a home yet don't have the money for a down payment or closing costs? Do you have a credit score of 640 or higher? If so, then this program might be just what you are looking for to help you become a home owner.

The Michigan State Housing Development Authority (MSHDA) has a new program available in which they will give you the buyer up to $15,000 in down payment assistance. The cool thing is that it is a forgivable loan if you stay in the property for at least 5 years.  Yes it goes away and you don't have to pay it back.

There are several zip codes across our area which qualify for this program Bay City: 48706, 48708 and Saginaw: 48602, 48604

Yes a FORGIVABLE $15,000 down payment assistance to qualified home buyers. 

Michigan has been given 20 million dollars in federal money to fund this loan program which will assist in neighborhood stabilization and promote homeownership in areas of the state that still reflect high rates of delinquencies and foreclosures, negative equity, bank-owned properties (REOs) and short sales. 

Click on this link for more info

https://www.michigan.gov/downpayment/0,8844,7-353-88583---,00.html

Not all lenders are offering this program. Click on the list of lenders in the link to get started.  Once you have pre approval from one of the lenders I can help you find that home. 

Looking forward to helping more home buyers change their life...hoping one of those is you. Take action today and you could possibly be in a home by Christmas.  

Scott

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Scott Cummings

My personal mission statement is "Changing people's lives...one home at a time." With every client I work with, buyer or seller, I take this mission statement to heart. Buying or selling a home is c....

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