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Apply to the down payment assistance program by going to www.detroitdpa.org or by calling the Detroit Housing Resource Helpline at 866-313-2520 (select option 3 after the language prompt).
The program provides up to $25,000 in down payment assistance for low-to-moderate income residents who currently pay as much in rent as they would on a mortgage. In June, Sperling said the Detroit ...
Down payment assistance programs (DPA) For many first-time buyers, saving enough for the down payment is the biggest hurdle. ... Michigan State Housing Development Authority. Offers DPA loans ...
While a few programs exist at the federal level and even with some individual mortgage lenders, most down payment help is offered at the local level through state, county and city government programs.
Down payment assistance loans. Many first-time homebuyer programs offer a lower-cost first mortgage to help you buy the home, then a second mortgage to help you cover your down payment and closing ...
The down payment can help fund new housing or the rehabilitation of a family's existing housing. [2] Building or rehabilitation of housing for rent or ownership – In this type of activity, HOME funds may fund the building of housing units that the government provides to low-income families. The families either pay a monthly rent or may ...
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