Are you a first time home buyer?
Do you want to purchase a home up to $224,500?
Are you willing to take a class on homeownership?
If you can answer YES to these questions than the Michigan State Housing Development Authority (MSHDA) has a program for you and it is Good News.
- “0” interest with a non-amorttizing loan
- Assistance is $7500.00
- Funds can be used for down-payment, closing costs or licensed home inspector
- Maximum contribution by the buyer is 1% of the sales price.
- In ALL of Washtenaw County your income limit for 2 people is $102,240.00
When combined with the tax credit of up to $8000.00 this is HUGE for first time homebuyers.
Here is a list of homes in Ann Arbor and throughout Washtenaw County for a sales price up to $224,500. This includes Dexter, Chelsea, Milan, Ann Arbor, Ypsilanti, Ypsilanti Township, and Whitmore Lake.
There are are 991 homes to chose from up to $224,500 and are ready to be sold. Like the federal law that ends on December 1st, you can not have owned a home for the past 3 years in Michigan.
Read all about the First Time Homebuyer assistance program on the MSHDA web-site.
Call us to get started today 734-821-0757.