Homeownership Programs

Our homeownership programs help low- and moderate-income households purchase a quality, affordable home. These programs are available for specific homes in Oakland and Macomb counties that have been purchased and rehabilitated by Community Housing Network.

  • Homes are 100% move-in ready, up-to-date, and energy efficient
  • Purchase price set based on appraised value
  • Approved homebuyers receive assistance based on their personal financial situation to reduce the mortgage payment and/or closing costs
  • Homebuyer assistance is provided through a zero-interest, zero-payment, “soft second” mortgage* with the county
  • Homebuyers should have a minimum of 1% of the home’s purchase price available in personal funds at time of closing

If you are looking for the initial eligibility screening, it can be found here.

Homeownership program - KIesha Jones

Macomb County

Community Housing Network has partnered with Macomb County Community Action to purchase and rehabilitate vacant homes in the City of Eastpointe for sale to low-income homebuyers under the Macomb County HOME Program. This program is federally funded and offers up to $50,000 in assistance for qualified homebuyers to help lower their monthly mortgage payment.

Homes Currently Available

Homes Coming Soon

  • 22789 Roxana, Eastpointe

Oakland County

In Pontiac, Community Housing Network has partnered with Oakland County’s Community & Home Improvement Division in their Oakland County HOME Program. This program is federally funded and is designed exclusively to create affordable housing for low to moderate income households. The homes available through this program are newly-constructed, and kitchen appliances are included. In addition, approved clients may receive an Oakland County homebuyer subsidy up to $25,000 for first-time homebuyers to help lower their monthly mortgage payment.

Homes Coming Soon

Two newly-constructed, modular homes will be available through the Oakland County HOME Program in early 2023.

Who is eligible?

You may be eligible if you meet the following criteria:

  1. Maximum household income is no greater than 80% Area Median Income.
    1 person householdmaximum income: 50,150
    2 person household
     maximum income: 57,300
    3 person household
     maximum income: 64,450
    4 person household
     maximum income: 71,600
    5 person household
     maximum income: 77,350
    6 person household
     maximum income: 83,100
    7 person househol
    d maximum income: 88,800
    8 person household
     maximum income: 94,550
  2. Tri-merge credit score of at least 620
  3. Have a down payment of roughly 1% of purchase price at closing.
    1. Note: This is a rough estimate. Many times after the homebuyer’s assistance and mortgage loan are factored into the closing cost, there can be a balance that still needs to be paid by the homebuyer.
  4. No bankruptcies within the last two years
  5. No foreclosures within the last three years.

Steps to Homeownership

  1. Determine if your income fits within our program limits (reference table above)
  2. Determine if the homes available are right for your family size. Most of our homes are 2-3 bedrooms, 900-1200 square feet, one-story ranches), with the assumption that no more than two people will be in each bedroom.
  3. Fill out the initial eligibility screeningand submit it so your initial eligibility can be determined
  4. Get pre-approved for a loan from a knowledgeable lender.
  5. Complete a MSHDA-approved Homebuyer Education class
  6. Gather all required documents for the application process (NOTE: documents are only good for six months, so do not gather required documents until you are ready to apply)
  7. Submit county-specific loan application to CHN

*What is a soft second mortgage?

A soft second mortgage is an interest-free mortgage, and no payment is due until you move out of your home. It will help lower your monthly mortgage payment by buying down the interest rate and/or covering a large portion of your down payment. The amount of your soft second mortgage is determined by the County within which you apply, calculated based on Federal guidelines. This mortgage is not intended to cover the full price of your home; therefore you must still obtain a standard mortgage from a bank or lender.

How can I access this service?

If you are interested in applying for the program, please fill out an initial screening and email to Dave Rose at drose@chninc.net or call him at 248.590.6110.