Question: what are the requirements to buy a house in michigan?
Answer: Michigan First-Time Homebuyer Programs To qualify, homebuyers need a FICO® credit score of at least 640 and a debt-to-income ratio under 45%. Income limits vary by location and the 2019 price limit is $224,500. At the very least, borrowers need 1% of the loan amount in hand at the time of purchase.