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2. From grants to low-interest loans, this state-by-state guide ...

   www.aol.com/finance/grants-low-interest-loans...

   USDA loans: If you're purchasing a house in a rural area and meet certain income criteria, a USDA loan offers 100% financing and very low interest rates. Conventional 97 loans: These loans allow ...

3. Michigan State Housing Development Authority - Wikipedia

   en.wikipedia.org/wiki/Michigan_State_Housing...

   MSHDA was created as a result of the State Housing Development Authority Act of 1966 (Act 346 of 1966). [1] The purpose of this act was to establish funds in housing development, land acquisition and development, rehabilitation, conversion condominium fund, and to provide for the expenditure of certain funds.

4. How to buy a house with low income - AOL

   www.aol.com/finance/buy-house-low-income...

   Fannie Mae’s HomeReady mortgage program addresses one of the challenges of buying a home with a low income by requiring just 3 percent of ... buy a house with a low income is a VA loan, which is ...

5. Down payment assistance: How it works and how to get it - AOL

   www.aol.com/finance/mortgage-down-payment...

   When you buy a home with a mortgage, that mortgage is the first or primary lien on the property. A second mortgage is an additional lien tied to your home. In the case of down payment assistance ...

6. Section 502 loans - Wikipedia

   en.wikipedia.org/wiki/Section_502_loans

   Section 502 loans are a rural housing loan program, administered by the Rural Housing Service (RHS), authorized under Section 502 of the Housing Act of 1949. Borrowers may obtain loans for purchasing or repairing new or existing single-family housing. Loans are made directly by RHS (7 CFR 3550) or by private lenders with a USDA guarantee (7 CFR ...

7. HOME Investment Partnerships Program - Wikipedia

   en.wikipedia.org/wiki/HOME_Investment...

   Home purchase or rehabilitation financing assistance – In this type of activity, the HOME program may provide a down payment for the purchase of a housing unit to a financial institution, thereby reducing the monthly mortgage payment of the loan balance for a low-income family that otherwise could not afford the monthly payment. The down ...