Offering the N.C.H.A.M.P. Mortgage with 1.5% off our current market rate on a 30-year fixed rate mortgage with 0-down for qualified buyers.Also offering mortgages for customers who have had some credit problems and are rebuilding their credit rating.90% of all applications are approved at the time of initial meeting with the Loan Officer.
For additional information call Roz Gietzen at 313-596-8015
Under this special program, first time homebuyers can receive a HOPE VI Homeownership grant of up to $75,000* toward the purchase of select townhomes or single-family homes at Woodbridge Estates. This grant is completely forgiven after 7-years of occupancy.
To qualify you may not have owned a home in the previous 18 months and must have:
1% down payment (approx. $1,800 - $2,300) plus closing costs;
mortgage preapproval of at least $104,000 for a condo or $134,000 for a house;
complete a homeownership training course;
be employed and earn at least $35,000/year, but less than:
$48,900 for a 1-person household;
$55,900 for a 2-person household;
$62,900 for a 3-person household;
$69,900 for a 4-person household;
$75,500 for a 5-person household.
There are no other Federal, State or City programs that offer this much money to first time homebuyers. Call (313) 833-6360 TODAY to find out if you qualify. A limited number of opportunities remain - and they’re going fast! The sales office is open Thursday, Friday and Saturday from 11:00 am to 5:00 pm and other times by appointment.
*Amount of grant and final approval for the Hope VI Homeownership program is in the sole discretion of the Detroit Housing Commission.
The current interest rate is 6.12%
This information is provided for informational purposes only and is subject to change at any time. All lenders are Equal Housing lenders.
