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Down Payment Resource: Down Payment Resource, a private company, provides various resources for homebuyers, real estate agents and lenders, including an eligibility and assistance lookup tool. FAQ
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).
4. Look for down payment assistance programs. Down payment assistance could be an option if you’re struggling to save, especially if you’re a first-time buyer. This assistance can come in ...
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 ...
Since 2013, buyers receiving down payment assistance from HOME are required to participate in pre-purchasing homeownership counseling, and in August 2021 full implementation of HUD regulations requiring counseling be provided by certified counselors employed by HUD-approved housing counseling agencies took effect standardizing the curriculum ...
If a borrower does not meet the VA or USDA requirements, there are alternate ways they can still access a zero down payment mortgage by using a down payment assistance (DPA) program, Christensen said.
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