Down Payment Assistance
Have you found the home of your dreams but can’t quite come up with the funds needed to close?
We offer funds of between $1,000 and $30,000 in select neighborhoods of Lansing and East Lansing that can be used for:
Down-payment as required by the first mortgage lender
A reduction to the first mortgage as needed for loan qualification
Qualified Closing costs
Additional Rehabilitation assistance available in East Lansing – Funds between $1,000 and $5,000 can be used for :
Repairs needed to address code violations (mandatory)
Repairs to improve energy efficiency
Repair/Replacement of inoperable and/or obsolete home systems
Reduction of lead paint hazards (mandatory)
Employer Funded Down Payment Assistance
If you are an employee of a participating Employee Home Ownership Program (EHOP) organization, you may be eligible for assistance with the purchase of a home in areas selected by your employer.
Funds can be used to cover down payment and/or closing costs. Organizations include:
City of East Lansing ($10,000) - CLICK HERE to view a map of qualified neighborhood
There are no income restrictions and participation requirements vary by employer.