Down Payment Assistance
Let’s Get Started
Making Homeownership a Reality
Are you buying your first home and need help with the down payment? NMCAA’s Down Payment Assistance Program (DPA) offers the support you need. Specifically, our DPA provides $3,000 to cover closing costs, down payment assistance, or principal reduction on your new home. Additionally, this assistance comes as a 0% deferred loan, which you must repay in full when you transfer the title or ownership. Furthermore, you can pair this program with Homebuyers Coaching and Homebuyers Education for added support.
Homebuyers Coaching offers personalized guidance through every step of the buying process. Our experts will work with you to develop strategies, answer questions, and ensure you make informed decisions. Meanwhile, Homebuyers Education provides crucial knowledge about managing your mortgage, understanding your rights as a homeowner, and maintaining your new property. Together, these resources equip you with the tools necessary for a smooth home buying experience.
Moreover, our team at NMCAA is always available to assist you. We are here to help with any inquiries and provide support throughout your home buying journey. By leveraging our Down Payment Assistance Program and additional resources, you can confidently navigate the home buying process and achieve your homeownership goals. Don’t miss this opportunity to make your dream home a reality. Therefore, reach out to us today to learn more about how NMCAA can help you with your first home purchase. We look forward to partnering with you and supporting your journey to homeownership.
This program remains available while funding lasts. Act now to take advantage of this opportunity!
Qualifications for the Program
Firstly, the household must bring at least $1,000 in their own funds to the closing.
Secondly, the household must complete Homebuyer Education (within the past year).
Thirdly, must obtain a home inspection (proof is not required for Rural Development Loans).
Income Requirements
| County | 100% of AMFI |
| Antrim | $82,100 |
| Benzie | $92,900 |
| Charlevoix | $88,000 |
| Emmet | $87,100 |
| Grand Traverse | $89,900 |
| Kalkaska | $68,600 |
| Leelanau | $98,800 |
| Missaukee | $70,300 |
| Roscommon | $64,800 |
| Wexford | $73,000 |
Get Started
We’re ready to help you take the next step, apply today to let us help you get started. For more information on Down Payment Assistance, please call, text 231-714-4578 or email us.
Homeownership and Financial Center
NMCAA is committed to making financial education and home counseling available for low to moderate income households to achieve financial self-sufficiency.
Homeownership and Financial Center
NMCAA is committed to making financial education and home counseling available for low to moderate income households to achieve financial self-sufficiency.