*** The State has paused the roll out of this program because the federal Office of Management and Budget has directed all federal agencies to temporarily pause the obligation and disbursement of federal financial assistance while they evaluate whether any activities are impacted by recent Presidential executive orders. *****
Exciting news for first-generation homebuyers in Michigan! A new down payment assistance program is set to roll out soon, making the dream of homeownership more attainable than ever. This innovative program aims to help individuals who are the first in their families to purchase a home overcome the significant financial hurdle of a down payment.
Key Details:
While the full details of the program will be released on January 29th, here’s what we know so far:
How to Stay Informed:
For complete details on the program, including eligibility requirements, application procedures, and program guidelines, please join Jeremy Drobeck on Facebook Live on January 29th.
Why This Program Matters:
This new down payment assistance program represents a significant step forward in making homeownership more accessible for first-generation homebuyers in Michigan. By providing financial support, the program aims to break down barriers and empower individuals to achieve the dream of homeownership.
Stay tuned for the official announcement on January 29th and let’s make homeownership a reality for more Michiganders!
Disclaimer: This blog post is based on preliminary information. The official program details and eligibility criteria will be announced on January 29th.
**Note time an location slightly different from prior years
HUD Homes present a unique opportunity for both real estate agents and their clients. These government-foreclosed properties often offer competitive pricing, making homeownership more accessible to a wider range of buyers. By understanding the nuances of financing and navigating the repair process, you can unlock this valuable market segment and help more clients achieve their homeownership dreams.