(734) 392-8300 APPLY HOME PURCHASE REFI TOOLS CONTACT US DOWN PAYMENT ASSISTANCE FHA VA USDA LOANS TESTIMONIALS DOWN PAYMENT ASSISTANCE (DPA) LOAN FREE CONSULTATION Complete this 30 second form to receive a no obligation consultation. We will analyze your situation and determine the best solution. Name: Cell Phone: Work Phone: Best Time To Contact: BEST TIME TO CONTACT MORNING TIME AFTERNOON TIME EVENING TIME Email: Zip Code: Loan Type: REFINANCE HOME PURCHASE HOME EQUITY DEBT CONSOLIDATION HOME IMPROVEMENT FHA/VA - PURCHASE FHA/VA - REFINANCE CONSTRUCTION LOANS MI HOME LOAN The MI Home Loan is a mortgage program for first-time homebuyers statewide and repeat homebuyers in targeted areas. There are two down payment assistance programs available. Please see the details below and then contact us to see if you qualify. • Targeted Down Payment Assistance up to $10,000 available in 236 zip codes. Michigan map with zip code locations. (Homebuyer Education class required.) • Statewide Down Payment Assistance up to $7,500. (Homebuyer Education class required.) • Available to first-time homebuyers (have not owned a home in the previous three years) statewide and repeat homebuyers in targeted areas. • Household income limits apply and can vary depending on family size and property location. • All adults in the household MUST apply and credit qualify (except dependents 18 years of age and older that are full-time students). • Maximum sales price is $224,500. • Minimum credit score of 640 required or 660 for multiple-section manufactured homes. MI HOME LOAN FLEX The MI Home Loan Flex is a mortgage program available statewide. This mortgage may be a better option for some borrowers because it has more flexible eligibility requirements. The overall eligibility requirements are: • Down Payment Assistance - 4% of the purchase price, not to exceed $7,500 (Homebuyer Education class required.) • Available to homebuyers statewide. • All adults in the household DO NOT need to apply, only qualifying borrowers will be underwritten for credit, assets and income. • Collections and judgments DO NOT necessarily need to be paid off; the lender will follow the AUS findings. • Household income limits can vary depending on family size and property location. • Maximum sales price is $224,500. • Minimum credit score of 660 required. MORTGAGE CREDIT CERTIFICATE (MCC) The Mortgage Credit Certificate (MCC) program provides housing assistance by issuing a federal tax credit to first-time homebuyers statewide and repeat homebuyers in targeted areas. • Qualified homebuyers can credit 20% of their annual mortgage interest paid against their year-end tax liability. A tax credit is a dollar for dollar reduction in tax liability. • The tax credit is allowable every year for the life of the original mortgage (up to 30 years). • Available to first-time homebuyers statewide and repeat homebuyers in targeted areas • Household income limits can vary depending on family size and property location. • Maximum sales price is $224,500. FOR MORE INFORMATION ABOUT THESE PROGRAMS PLEASE FILL OUT THE FORM ON THE RIGHT AND ONE OF OUR LOAN PROFESSIONALS WILL CONTACT YOU SHORTLY. TO APPLY FOR ONE OF THE LOAN PROGRAMS ABOVE SIMPLY CLICK ON THE "APPLY" BUTTON BELOW TO FILL OUT A QUICK AND SECURE ONLINE APPLICATION. APPLY NOW! Equal Housing Opportunity Arbor One Mortgage Group ™ 2021 Privacy Policy | Contact Us 250 W Eisenhower, suite 100 Ann Arbor, MI 48103 Arbor One Mortgage Group is a division of Mortgage One, Inc. NMLS#129386 Mortgage Website Marketing This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. TOP