To be eligible for programs like MSHDA's MI 10K DPA Program, individuals must complete a Homebuyer Education class and receive a certificate of completion — which is valid for a year. #NationalHomeownershipMonth Learn about housing education: https://bit.ly/3VPPtZN | Michigan State Housing Development Authority
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FacebookMichigan State Housing Development Authority
To be eligible for programs like MSHDA's MI 10K DPA Program, individuals must complete a Homebuyer Education class and receive a certificate of completion — which is valid
Michigan State Housing Development Authority. . To be eligible for programs like MSHDA's MI 10K DPA Program, individuals must complete a Homebuyer Education class and receive a certificate of completion — which is valid for a year. #NationalHomeownershipMonth Learn about housing education: https://bit.ly/3VPPtZN
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Down payment How to Save
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The new Empower DPA Program allows homebuyers to receive a grant towards down payment ‼️ There is no need to pay it back over time or share any home equity. Here’s how it works, borrowers take an average 1% higher FHA interest rate for 6 months. After 6 payments, the money from the grant is forgiven and borrowers can do a streamline refinance to get a lower payment when interest rates drop next summer. This program only works for FHA loans and borrower’s must meet qualification requirements. Not
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