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Get Matched Free →Taylor Home Down Payment Assistance Program
Funding status: Active
How much assistance
Up to $40,000
Forgiven after 5 years of owner-occupancy at 0% interest. Homebuyers may not refinance or sell during the 5-year period unless refinancing results in a lower mortgage payment.
Eligibility
- Income limits: Based on HUD income limits at 80% AMI for Wayne County, varies by family size
- First-time buyer required: Yes — Must not have owned a home in the past 3 years
- Geographic restrictions: Must purchase within the City of Taylor
- Homebuyer education required: Yes
How to Apply for Taylor Home Down Payment Assistance Program
Contact National Faith Homebuyers at (313) 255-9500 to begin the application process. Complete the required homebuyer education course through National Faith Homebuyers. Contribute at least $1,000 toward the transaction. The home must pass a Housing Quality Standards (HQS) inspection and meet city building codes.
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