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Michigan program

Homebuyer Assistance Fund

Michigan route through City of Grand Rapids Community Development Department. This page stays free for the core public facts. Open paid access only when you need the full state board, related paths, and the decision layer around this program.

Zero-interest second forgiven after 5 years Check official rules 2026-04-20
Agency City of Grand Rapids Community Development Department
Support type Zero-interest second forgiven after 5 years
Amount highlight The Homebuyer Assistance Fund offers up to $7,500 for down payment, closing costs, and prepaid expenses.
Last verified 2026-04-20

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Consumer page is clear, but not a full policy manual

This page stays public because the official structure is still useful, but these details should not be flattened into fake certainty.

The city's consumer-facing materials clearly support the amount, lender path, education rule, and five-year forgiveness summary, but do not publish a separate detailed recapture manual on the main page.

Decision-ready public facts

What stays free on this program page

Quick answer from published facts. Use this first, then jump to Go to Michigan program hub if you need the wider state context.

Amount

The Homebuyer Assistance Fund offers up to $7,500 for down payment, closing costs, and prepaid expenses.

Type

Zero-interest second forgiven after 5 years

Repayment

The current HAF journey map describes the aid as a zero-interest second mortgage loan with no monthly payments. Buyers must occupy the home as a primary residence for at least five years, after which the loan is forgiven. Current public city materials do not publish a separate monthly amortization schedule.

First-time buyer

Required

Program guide

What to know before you click through

This is still the free fact layer. Open the official source when a detail affects eligibility, repayment, lender choice, or whether this path should stay on your shortlist.

Who qualifies?

First-time homebuyers, Households up to 80% AMI, Buyers purchasing a primary residence in Grand Rapids

What support do you get?

The Homebuyer Assistance Fund offers up to $7,500 for down payment, closing costs, and prepaid expenses.

Do you repay it?

The current HAF journey map describes the aid as a zero-interest second mortgage loan with no monthly payments. Buyers must occupy the home as a primary residence for at least five years, after which the loan is forgiven. Current public city materials do not publish a separate monthly amortization schedule.

How do you apply?

Reach out to a participating lender, get pre-approved for the first mortgage, complete an approved homebuyer education course, find an eligible property, and apply for HAF through the lender.

Official source evidence

The current city page says HAF offers up to $7,500 for low- and moderate-income homebuyers. The current journey map says it is a zero-interest second mortgage with no monthly payments and that the loan is forgiven after five years of primary residency.

View official source

Last verified

2026-04-20

2026-03-11

Paid preview

What paid access adds for Homebuyer Assistance Fund

See the shape of the comparison output, risk checks, lender questions, and next-step checklist before you decide whether this program is worth carrying into the paid layer.

Example paid output for this program. The free page stays visible either way.

Comparison preview

Homebuyer Assistance Fund

Amount: The Homebuyer Assistance Fund offers up to $7,500 for down payment, closing costs, and prepaid expenses.

Repayment: The current HAF journey map describes the aid as a zero-interest second mortgage loan with no monthly payments. Buyers must occupy the home as a primary residence for at least five years, after which the loan is forgiven. Current public city materials do not publish a separate monthly amortization schedule.

First-time buyer: Required

Risk checks preview

What gets flagged before you call a lender

  • Homebuyer Assistance Fund requires a participating lender.
  • Homebuyer Assistance Fund must be paired with a specific first mortgage.

Lender questions preview

Questions tied to this exact path

  • Is your team approved to originate Homebuyer Assistance Fund for this household and loan setup?
  • Which first-mortgage product must be paired with Homebuyer Assistance Fund, and what breaks eligibility?

Action checklist preview

What you would do next

  • Confirm the first-time buyer definition before you apply
  • Review the official City of Grand Rapids Homebuyer Assistance Fund for Homebuyer Assistance Fund
Open the full Michigan board

Paid research preview

What paid research already covers in Michigan

Paid research already tracks city and county programs, employer-assisted paths, specialty and conditional paths for Michigan.

4 tracked deeper records

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What unlocks after payment

Specific program names, source notes, current-vs-conditional judgments, and the next lender or agency questions tied to this state.

1 tracked

city and county programs

City and county down payment or closing-cost programs that never make it into the free statewide layer.

1 tracked

employer-assisted paths

Employer-linked housing incentives and workforce programs that matter only if they fit your job or agency.

2 tracked

specialty and conditional paths

Conditional, paused, or specialty paths worth checking before you assume the state is a dead end.

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Private workspace

What paid access adds after the free facts

This page stays free for public facts. Paid access turns this program into a shortlist item, a related-path decision layer, risk checks, lender-call prep, and a next-step queue.

If the public facts still look relevant, paid access is where you decide whether this path is stronger than your fallback and what to do next.

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Full state board

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