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LMCU HomeAssist Down Payment Assistance

Administered by:
Lake Michigan Credit Union (LMCU)
· Nonprofit · Zero-Interest Loan
Funding status: Active

How much assistance

Up to $10,000 (up to $15,000 in targeted areas)
No monthly payments. 0% interest second mortgage due upon sale, refinance, change of ownership, or when the home is no longer the primary residence.

Eligibility

  • Income limits: Household income at or below 120% of local Area Median Income.
  • First-time buyer required: Yes — Must be a first-time homebuyer.
  • Geographic restrictions: Must purchase a primary residence in Michigan. Available while funds last on a first-come, first-served basis.
  • Homebuyer education required: No

How to Apply for LMCU HomeAssist Down Payment Assistance

Contact an LMCU loan officer or Mario Leon at (616) 752-7636 to discuss eligibility and begin the application process. Must qualify as a first-time homebuyer with household income at or below 120% AMI.

Learn More About Homebuying Assistance

Cities Where This Program Is Available (18 cities across 1 state)