A recent phone call that was placed to me from someone who had read many of my articles for first time home buyers leads to this one being written now. The caller was confused because she had been led to believe that FHA had income limits, and that the loan limit was part of the [...]
Confusion abounds about FHA loan limits and MSHDA income limits in Macomb County MI
January 27th, 2012 · No Comments · Buyers agency, fha mortgages and first time home buyers, mortgages in michigan
Tags:fha mortgage in macomb county mi·home buyers in macomb county mi·MSHDA
The most frequently asked question in the last month by Macomb County MI home buyers:
May 5th, 2010 · No Comments · fha mortgages and first time home buyers, macomb county MI, tips for home buyers
“Is there any down payment assistance anymore” or some version of this question.
Yes, there is. MSHDA, administered by the State of Michigan, has funds available to lend down payment & closing cost assistance. If you click on the link highlighted above it will take you to the FAQ provided by the state to the program [...]
Tags:down payment assistance in Macomb County MI·first time home buyers in Michigan·MSHDA
Most frequently asked question this year: “Is there down payment assistance left in Michigan?”
March 22nd, 2010 · No Comments · macomb county mi real estate market, mortgages in michigan, tips for home buyers
Yes. In Michigan there is a program called MSHDA that still has down payment (and closing cost) assistance to home buyers. There are income limits, however they have become more generous over the years. There are also purchase price limits, but as with the income they are also higher than in years past.
For example: [...]
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