First Time Homebuyers

Commitment to excellence is our guiding principal and customer satisfaction is our guarantee.

Mortgage One

Attention First Time and Repeat Home Buyers!

Have you heard about the MSHDA down payment assistance program?

The State of Michigan offers up to $7,500 in down payment assistance to qualified borrowers.

MSHDA MI Home Loan

Michigan Down Payment loan: up to $7,500

Cash asset restriction of $10,000

Maximum home purchase price of $224,500

Income limits vary statewide from $64,100 to $123,620, total household income determined by location and family size

Credit score: Minimum 640 (660 for manufactured home)

Maximum acreage 2 acres: 1 buildable lot (exceptions up to 5 acres may apply)

Eligible homes: principal residence, single family, condo, multiple-section manufactured home

Mortgage terms: fixed-rate, 30-year terms

Available to first-time home buyers statewide and to repeat homebuyers in targeted areas

MSHDA MI Home Loan Flex

Michigan Down Payment loan: 4% of the purchase price (not to exceed $7,500)

Cash asset restriction of $10,000

Maximum home purchase price of $224,500

Income limits vary statewide from $64,100 to $123,620, total household income determined by location and family size

Credit score: Minimum 660

Maximum acreage 2 acres: No MSHDA restrictions – follow loan type guidelines

Eligible homes: principal residence, single family or condo

Mortgage terms: fixed-rate, 30-year terms

Available to repeat homebuyers

Information on household income limits

Information on targeted areas

Homebuyer Education Class

To see if you qualify, get in touch with us today!

Start Your Application

Sample Image

See what our customers are saying about us

Contact Us

130 Cass Ave
Mount Clemens, Michigan 48043
Phone: 586-612-6714
dselvaggio@mortgageone.com

Disclaimers

Powered By LenderHomePage.com