2013 Michigan Home Buyer Assistance Fund

Michigan is one of the states that has made a settlement with the

big banks in the National home foreclosure law suit. Because Michigan was one

of the hardest hit by home foreclosures, this settlement awards $ 15 million

to assist new buyers in acquiring homes.

These grants are awarded on a first come- first served basis until the money

runs out. This grant program is for new home buyers with a preference for

military and disabled veterans.

First Time Home Buyer is defined as not owning a home for the last 3 years.

If you are active reserve, active military, or a veteran you are eligible for

$5000 of grant money. If you are a first time home buyer you are eligible for

$3000 of grant money with this program.

MSHA is administering this fund for the state; lots questions and details

can be viewed at their website. As of Feb.12, 2012, there is $ 10,814,802.59

of grant funds left in the program.

If you have any questions about your eligibility or how to buy a home with

the MSHDA National Assistance Grant Program, please call me and I would

happy to discuss this program with you.

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The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and what it is like to live in West

Michigan. We believe Grand Rapids is a Great Place to Live!

Contact Terry 616-292-7263

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