HUD has increased the maximum loan limits for FHA with case assignments on or after January 1, 2019. FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender can offer you a…
Max allowable DPA for MSHDA – Conventional
Step Forward Down Payment Assistance (DPA) Step Forward Down Payment Assistance (DPA) is federally-funded, forgivable and offered in 61 eligible zip codes in 10 Michigan counties. Step Forward has allocated $20 million to the Step Forward DPA program. Funds are limited and are available on a first-come, first-served basis. The down payment assistance is $15,000 and…
MSHDA Step Forward Down Payment Assistance
Step Forward Down Payment Assistance (DPA) We have exciting news about a new, forgivable down payment assistance loan program launching October 8, 2018. Step Forward Down Payment Assistance (DPA) is federally-funded, forgivable and offered in 61 eligible zip codes in 10 Michigan counties. Step Forward has allocated $20 million to the Step Forward DPA program. Funds…