Down Payment Assistance​

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Have you found the home of your dreams but can’t quite come up with the funds needed to close?

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We offer funds of between $1,000 and $40,000 in select neighborhoods of Lansing and East Lansing that can be used for:

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• Down-payment as required by the first mortgage lender

• A reduction to the first mortgage as needed for loan qualification

• Qualified Closing costs

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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)

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CLICK HERE to view a map of East Lansing qualified neighborhoods.

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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.

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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 neighborhoods

• Neogen ($5,000) - must be within Lansing/Waverly School District

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There are no income restrictions and participation requirements vary by employer.

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