Michigan is a Midwestern state of the United States of America, located in the east north central states, as defined by the Census Bureau. It was named after Lake Michigan, whose name is a French adaptation of the Ojibwe term mishigami, meaning "large water" or "large lake".
Bounded by four of the five Great Lakes, plus Lake Saint Clair, Michigan has the longest freshwater shoreline in the world. In 2005, Michigan had more registered recreational boats than any state except California and Florida.[6] A person in Michigan is never more than 85 miles (137 km) from open Great Lakes water and is never more than six miles (10 km) from a natural water source.
Michigan is the only state to consist entirely of two peninsulas. The Lower Peninsula of Michigan, to which the name Michigan was originally applied, is sometimes dubbed "the mitten," owing to its shape. When asked where in Michigan one comes from, a resident of the Lower Peninsula may often point to the corresponding part of his or her hand. The Upper Peninsula (often referred to as The U.P.) is separated from the Lower Peninsula by the Straits of Mackinac, a five-mile (8 km) channel that joins Lake Huron to Lake Michigan. The Upper Peninsula (whose residents are often called "Yoopers") is economically important for tourism and natural resources.
FHA Home Loan
FHA loan will allow you to purchase a home with a low down payment and with no income limits or credit scoring.
Michigan Housing Market
Michigan Home Ownership Coalition
This organization is a "collaboration and innovation to assist individuals with disabilities and their families to become homeowners".
This Michigan Home Ownership Coalition offers the HomeChoice Mortgage and down payment assistance through the Michigan State Housing Development Authority (MSHDA). This mortgage product is for a person with a disability or a family with a member with a disability who lives with them and provides them the opportunity to become a homeowner. The HomeChoice Mortgage is a single-family mortgage loan developed to meet the mortgage underwriting needs of low and moderate-income people and offered through Fannie Mae.
A few of the key components are:
- 5% down payment assistance and $3,000 for closing costs from MSHDA.
- Must have good credit history. In some situations, medical debt can be over looked.
- Flexible underwriting criteria (nontraditional credit sources can be used)
- Income at or below area median income can qualify. (Income sources can be SSI, SSDI, part-time job or a Trust)
- Allows higher debt to income ratios of up to 50%.
- Very low down payment from buyer, $500.
- Gift money from family can be used.
- Pre- and post- purchase counseling required.
- Broker agencies can assist with the process and provide support before and after the purchase.
- The HomeChoice Mortgage can be used anywhere in Michigan.
For more information contact:
| Daryl Domke | Sue Eby |
| Michigan Home Ownership Coalition | Michigan Dept. of Community Health |
| (616) 363-2140 | (517) 373-6367 |
Programs by City/Town
| City of Grand Rapids homebuyer assistance fund - open the door to a home of your own. | |
| City of Jackson Affordable Housing Programs - Offering housing counseling, downpayment assistance and other programs for first time homebuyers | |
| All Saints Housing, Inc. 8260 Chamberlain Detroit, MI 48209 (313) 843-4090 |
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| Bagley Housing Association 2661 Bagley Detroit, MI 48208 (313) 964-5942 |
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| City of Lincoln Park 1355 Southfield Rd. Lincoln Park, MI 48146 (313) 386-1800 |
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| City of Midland 333 W. Ellsworth Midland, MI 48641 (989) 837-3300 |
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| City of Warren One City Square, Suite 215 Warren, MI 48093-6726 (586) 574-4687 |
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| City of Wyandotte 3131 Biddle Avenue Wyandotte, MI 48192 (734) 324-4500 |
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| Core City Neighborhoods, Inc. 3301 Twenty-Third Detroit, MI 48208 (313) 894-8431 |
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| Corktown Consumer Housing Cooperative 2020 Fourteenth St. Detroit, MI 48216 (313) 965-5853 |
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| Detroit Catholic Pastoral Alliance 1641 Webb Detroit, MI 48206 (313) 869-1314 |
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| Grandmont/Rosedale Development Corp. 15888 Archdale Detroit, MI 48227 (313) 835-8190 |
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| Mission of Peace Counseling Center 877 E. Fifth Ave. Flint, MI 48503 (810) 232-0104 |
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| Metro Housing Partnership 503 S. Saginaw St., Suite 510 Flint, MI 48502 (810) 767-4622 |
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| Housing Opportunities for Macomb, Inc. 15220 Ten Mile Eastpointe, MI 48021 (810) 772-4892 |
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| Motor City Blight Busters, Inc. 17405 Lahser Rd. Detroit, MI 48219 (313) 255-4355 |
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| New Hope Community Development 19487 Evergreen Detroit, MI 48219 (313) 255-6275 |
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| People's Community Hope for Homes 29745 Annapolis Road Westland, MI 48186 (734) 722-2567 |
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| St. Ignatius Non-Profit Housing, Corp. 9902 Conner Detroit, MI 48213 (313) 372-1731 |
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| U-SNAP BAC Non-Profit Housing Corp. 11101 Morang Detroit, MI 48224 (313) 640-1100 |
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| West Detroit Interfaith Community 9520 Mettetal Detroit, MI 48227 (313) 838-3207 |
