We do this by purchasing existing homes in Oakland and Macomb counties, rehabilitating the homes and marketing them to homebuyers.
If you are looking for the initial eligibility screening, it can be found here.
Program benefits and description:
- Homes are 100% move-in ready, up-to-date, and energy efficient
- Purchase price of home is the appraised value.
- If approved, each homebuyer receives homebuyer assistance based on their personal financial situation.
- Homebuyer assistance makes the home more affordable by reducing the mortgage and/or closing costs.
- Homebuyer assistance is a zero-interest, zero-payment second mortgage* with the county, that is not due until the home is sold or ceases to be the owner’s primary residence.
- Homebuyers should have the recommend minimum of 1% of the home’s purchase price available in personal funds at time of closing.
- We coordinate the closing with the lender and title agency.