Michigan Homebuyer Assistance


Wayne County Homebuyer Program


  • Maximum assistance – $7500 for a property
  • Maximum purchase price – $119K
  • Minimum eligible assistance – $1K
  • Mortgage payment cannot exceed 30% of monthly gross income
  • Appraisal required
  • Down payment may come from a combination of Homebuyer Program, gifts, grants/loan from a relative or non-profit organization/public agency
  • Refinancing assistance is not available
  • Income limits by household size standards (HUD)


Homebuyer assistance may be used for:

Eligible closing costs, such as pre-paid taxes, interest, Lender’s points, application processing fees, credit report, title insurance, appraisal, mortgage survey, cost estimates, safety testing, private mortgage insurance, lump sum processing or other fees including loan, broker, recording or legal

Excluded closing costs include homeowner’s insurance, real estate commission.


Eligibility requirements:

  • Homebuyer must be at least 18 years old
  • Annual gross income cannot exceed 80% of Wayne County Median income as determined by HUD
  • Homebuyer must meet income requirement at the time the household initially occupies the property or when HOME funds are invested, whichever is later
  • Homebuyer must occupy the property as a principal resident for at least 5 years
  • Homebuyer cannot own or have an interest in any other real estate at the time of purchase, including a vacation home
  • Homebuyer cannot have more than $10K in liquid assets


Detroit Neighborhood Initiative

Borrowers that complete the NACA pre-purchase homebuyer program can qualify for a mortgage, which includes:

  • No down payment
  • No closing costs
  • Below market fixed rates
  • Renovation funding included in mortgage

All buyers in Detroit will have access to loans worth up to 110% of the homes LTV ratio.  For homes bought through the Detroit Land Bank’s site, that LTV ratio increase up to 150%.


Home LIFT Program – Partnership with Wells Fargo Bank

Click here for details

$15K down payment assistance grant to first-time homebuyers and others who do not own their home.  Wells Fargo seeks buyers with annual incomes that do not exceed 120% of the local AMI – about $81,250 for a family of four in the 5 Wayne County cities.  Applicants must complete an 8-hour home buyer education session with Southwest Solutions.  Participants also must commit to live in the home for 5 years and qualify for a first mortgage on the property.

Thanks to Our Valuable Partners