Declining home sales trend expected to continue into 2023 - Grand Rapids Business Journal
Home sales and title transactions for 2023 are forecasted to continue their downward trend due to higher interest rates.
Source: grbj.com
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Mercantile Bank commits $250K to homebuyer assistance program - Grand Rapids Business Journal
A local bank committed $250,000 to a program that helps people buy their first home.
Source: grbj.com
Mortgage refinancing finally losing steam as rates climb - Grand Rapids Business Journal
(Watch for this story Monday morning on WZZM TV 13) Mortgage lending activity is slowing after nearly two years of “once-in-a-lifetime” rates and subsequent opportunities.
Source: grbj.com
Mercantile Bank opens mortgage service office in Petoskey - Grand Rapids Business Journal
Mercantile Bank of Michigan opened a new full-service mortgage service office with two mortgage lenders and a live ATM banking machine in northern Michigan.
Source: grbj.com
State-funded program may lower upfront costs for local home buyers
Sentinel Staff HOLLAND — An expanded homeownership program now offered in Michigan to aid homebuyers with their initial down payment is available in Holland. The Michigan State Housing Development Authority (MSHDA) announced in late February the expansion of its homeownership program by offering residents in select ZIP codes up to $10,000 in down payment assistance. The assistance — called a "DPA Loan" — is available to residents in 49010, 49078, 49417, 49423, 49424, 49428 and 49464 in Ottawa and Allegan counties. The loan is offered as a second mortgage for a maximum amount of $...
Source: hollandsentinel.com