Michigan Homebuyer Assistance Grant

$3,000 Michigan Homebuyer Assistance Grant

$3,000 Michigan State Housing Development Authority (MSHDA) Grant is now available for first time home buyers in Leelanau County and Grand Traverse County (Traverse City).

1. Homebuyer Assistance - $15 million has been allocated for the Homebuyer Assistance grant program that will assist first-time homebuyers purchasing a single-family/one-unit, owner occupied, principal residence. Eligible first-time homebuyers are defined as a person who has not owned a home as their principal residence for three years prior to the date of purchase. Non-military homebuyers are eligible for grants up to $3,000. Active military and veterans are eligible for grants up to $5,000. Neither grant can exceed 25% of the purchase price.  Grant funds may be used with any first lien mortgage transaction and can be combined with MSHDA's Down Payment Assistance.  NOTE:  Military is defined as a member of the U.S. Armed Forces or National Guard and Reserves.

Source and additional information can be found here: http://www.michigan.gov/mshda/0,4641,7-141--291018--,00.html or by asking your loan officer!

For more information please contact:

Jonathan Oltersdorf
Oltersdorf Realty, LLC
E-mail: jonathan@oltersdorf.com