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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 $10,000 toward a down payment and closing costs. The program is a 0 percent, non-amortizing loan meaning the principal amount is due in full upon sale or transfer of the property, rather than monthly payments. ....

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Michigan to Offer $10k in Assistance to Potential Homebuyers


Michigan to Offer $10k in Assistance to Potential Homebuyers
If you re a Michigander who s been considering home ownership but have been hesitant due to finances, here s some good news. It s just been announced that the Michigan State Housing Development Authority is offering residents up to $10,000 in down payment assistance.
Now, I am someone who has never lived in an owned home. My parents, even divorced, both always rented their homes and I ve continued that trend in my adult life. The entire process is unfamiliar to me and, quite frankly, anxiety inducing. Especially after this past year. I lost my job for nearly 8 months. How could I possibly afford a home? ....

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