LMCU HomeAssist Down Payment Assistance

How much assistance

Up to $10,000 (up to $15,000 in targeted areas) (Zero-Interest Loan)

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

Notes

Applicants must identify as Black, African American, Hispanic, and/or Latino. Program operates on a first-come, first-served basis while funds last. LMCU is a not-for-profit credit union headquartered in Grand Rapids. Has helped over 180 first-time homebuyers since launch.

Cities Where This Program Is Available

• Redford, MI
• Meridian Township, MI
• Chesterfield Township, MI
• Kentwood, MI
• Portage, MI
• East Lansing, MI
• Farmington Hills, MI
• Shelby Township, MI
• Roseville, MI
• Troy, MI
• Westland, MI
• St. Clair Shores, MI
• Royal Oak, MI
• Georgetown Township, MI
• Holland, MI
• Grand Rapids, MI
• Wyoming, MI
• Independence Township, MI