Homeownership Initative
Are You Ready To Purchase A Home?
Educating yourself on the pros and cons of homeownership is a must.
Listed below are some websites that offer information to individuals contemplating the purchase of a home:
www.hud.gov
www.michigan.gov/mshda
www.freddiemac.com
www.homeloans.va.gov
www.fanniemae.com
In addition, the Michigan Mortgage Lenders Association's website has a Consumer Guide to Affordable Housing that you can obtain. www.mmla.net
Some helpful brochures for homebuyers:
"Ten Secrets Every Homebuyer Should Know"
"Protect Your Family From Lead In Your Home"
Free computer and internet access is available at the following locations:
Capital Area District Library branches: (www.cadl.org)
- 401 S. Capitol Avenue (517) 367-6363
- 3900 S. Cedar Street (517) 272-9840
- 200 N. Foster Avenue (517) 485-5185
- Black Child & Family Institute (BCFI), 835 W. Genesee www.bcfi.org
(517) 487-3775. BCFI offers adult computer literacy training. They also provide Credit Smart classes. The Credit Smart program was developed by Freddie Mac to help consumers obtain the knowledge and skills necessary to effectively manage their money and to positively impact their credit – this curriculum is also available online at the Freddie Mac website.
More Information:
- Things to think about
- Down Payment Assistance
- First step to receive Down Payment Assistance
- What are we looking for when we inspect
- Program Updates
- American Dream Down Payment Initiative (ADDI) Program Manual
- Manual Appendix A
- Manual Appendix B
Forms:
- Household Composition Form
- Income and Assets Checklist
- Verification of Resources
- Verification of Earnings
- School Verification
- American Dream Down Payment Initiative (ADDI)
