KALAMAZOO, Mich. – Consumers CU is offering first time homebuyers grants of up to $5,000 through the Michigan State Housing Development Authority’s Homebuyer Assistance grant program.

Michigan has allocated $15 million to the grant program, available on a first-come, first-served basis.

“This new grant program will help eligible and qualified first-time homebuyers achieve their dream of home ownership,” said John Murphy, mortgage department manager at the $430-million credit union.

The Homebuyer Assistance grant program aims to assist first-time homebuyers purchasing a single-family/one-unit owner occupied principal residence.

Non-military homebuyers are eligible for grants up to $3,000, not to exceed 25% of the purchase price of the home, while active military personnel and veterans are eligible for grants up to $5,000, not to exceed 25% of the purchase price.

Grants have no income, asset, or purchase price limits.

 

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