New First Time Homebuyer Grant Program Offers Up to $20,000 in St. Clair and Lapeer Counties
- michiganmittenreal
- May 15
- 4 min read
I’m excited to share news about a new grant program that could help first-time buyers in St. Clair and Lapeer Counties, Michigan. This program offers up to $20,000 to use toward your down payment, closing costs, and other fees. It’s a first come, first serve opportunity, so acting quickly is key.
If you want to learn more about this grant and see if you qualify, I encourage you to book a free first time homebuyer appointment online. I’ll walk you through the details and help you take the next steps.
This new grant program could make your dream home more affordable.
What the Grant Program Means for First Time Buyers
This grant program is designed to ease the financial burden of buying your first home, and are awarded annually on a first come, first served basis. The funds are not considered a loan and do not need to be repaid when the requirements of the program have been successfully met.
Eligible first-time homebuyers may receive up to $20,000 in grant assistance to help cover:
Down payment costs
Closing costs
Housing counseling expenses
Buyer broker fees
This means if you qualify and act fast, you could get a significant boost toward your home purchase. It’s a rare chance to reduce upfront costs that often hold buyers back.
Many buyers don’t realize how much these extra costs add up. Down payments alone can be 3% to 20% of the home price. Closing costs often add another 2% to 5%. This grant helps cover those expenses so you can focus on finding the right home.
How to Qualify and Apply
Qualifying for this grant is straightforward but requires some preparation. Here’s what you need to know:
Be a first-time homebuyer
A first-time home buyer is defined by HUD and most lenders as an individual who has not held an ownership interest in a principal residence for the past three years. This includes people who have never owned a home, as well as those who owned previously but have not held interest in a primary residence recently.
Key Criteria for First-Time Home Buyer Status
The 3-Year Rule: You are considered a first-time buyer if you have not owned a principal residence in the last three years.
Never Owned: An individual who has never owned a home.
Displaced Homemakers: An individual who has only owned with a spouse.
Single Parents: A single parent who has only owned with a former spouse while married.
Mobile Home/Non-Permanent Owners: Someone who has only owned a residence not permanently affixed to a foundation (e.g., a mobile home or RV).
Non-Compliant Property Owners: Someone who has only owned a property that cannot be brought up to code for less than the cost of building a new structure.
Have a household income at or below 80% of the Area Median Income (AMI) - Varies based on location
Contribute a minimum of $500 toward the home purchase
Complete an approved prepurchase homebuyer education course (free and usually done online)
Obtain mortgage with the providing lender
Why Acting Quickly Matters
Since the grant is first come, first serve, waiting too long could mean missing out. Funds are limited and will be awarded to those who apply early and meet the requirements.
If you’re thinking about buying your first home in St. Clair or Lapeer Counties, don’t delay. Book your free appointment today to get the information on how to apply.
Remember, this grant can cover many costs that usually come out of your pocket. It’s a chance to save thousands and make homeownership more affordable.
What to Expect in Your First Time Homebuyer Appointment
When you book your free appointment with me, here’s what we’ll cover:
Your home buying goals and timeline
Information about the grant program
Eligibility requirements and potential documentation needed
How/where to apply and what to expect next
This appointment is a no-pressure way to get clear answers and plan your next steps. I want to make sure you feel confident and informed as you start your home buying journey.
Booking your free appointment online is easy and quick.
Take the Next Step Toward Your First Home
Buying your first home is a big milestone. This new grant program can make it easier by helping with down payment and closing costs. It’s a limited-time offer, so don’t wait.
Book your free first time homebuyer appointment online today. I’ll help you understand the program, check your eligibility, and connect you with the right resources. Together, we can make your dream of homeownership a reality.
If you want to learn more about this exciting offer, please book your appointment here. I look forward to helping you get started.
Disclaimer: This blog post is for informational purposes only and does not constitute financial or legal advice. Please consult with a qualified professional for advice specific to your situation.
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