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Detroit's $25K
Down Payment Assistance

Now Available Detroit's 25K DPA!

Have you been renting in Detroit for the past 12 months? Did you lose a home due to a property tax foreclosure within the City of Detroit between 2010-2016? If you fall into one of these scenarios, you may be eligible for Detroit’s $25K DPA.

First Come, First Served!

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3 Steps to do before you Apply

Step 1:

Get Pre-qualified for a Mortgage

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Step 2:

Find your home & sign a Purchase Agreement

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Step 3:

Take a Homebuyer Education Class

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The Details

Below you’ll find the required qualifications you need to meet in order to qualify for Detroit’s 25K DPA.

Requirements:

  • Complete the HUD- approved homebuyer education class
  • Purchase a 1-2 unit property in the City of Detroit as your primary residence
  • Remain at that primary residence for at least 3 years
  • Contribute a minimum of $1,000 towards the purchase of the property
  • Your housing expense ratio cannot exceed 35%
  • This program provides a maximum of $25,000 to be utilized for downpayment, closing expenses, principal reduction, and prepaid interest rate buydown. It can be used with a purchase mortgage or a renovation mortgage. However, the total financial aid cannot exceed 50% of the combined cost of downpayment, prepaids (including interest rate buydown), closing expenses, and repairs financed into a renovation mortgage. 

Income Requirements:

Want the Income Requirements list for the Detroit 25K DPA? Have it emailed to you instantly! Fill out the form below and then check your email, it’s that simple.



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Step 1: Get Pre-Qualified

Click the button below to start the FREE and simple process of getting Pre-Qualified!

Step 2: Find a Home

Click the button below and enter the criteria that you’d like to have in your next home.

Step 3: Homebuyer Education Classes

It is a requirement that a Homebuyer Education Course must be completed. Below you’ll find two organizations that can help you fulfill this requirement.

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Customer Support

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