The Michigan State Housing Development Authority (MSHDA) Step Forward Program makes homeownership possible with down payment and/or closing cost assistance. Eligible homebuyers will receive up to $15,000 in the form of a federally-funded, 0% interest rate loan with no monthly payments and a five-year term that is forgive 20% per year.
Up to $15,000 of assistance available
Property must be a primary residence in Michigan
Available with conventional, FHA, VA, and USDA loans
Credit score requirements as low as 640
Homebuyer education is required/p>
Income and purchase price limits apply – ask for details
Assistance is available on a first come, first served basis. Get pre-approved today!
Are you ready to achieve your homeownership goals? Get pre-approved today! Contact a Waterstone Mortgage loan professional to learn more.
Contact a Waterstone Mortgage loan professional to learn more.