Think you can’t afford to buy a new house? Think again…
Through Michigan State Housing Development Authority Neighborhood Stabilization Program, a beautiful, 2-story, 3-bedroom, 2 1/2 bath home with 2 car garage is available for $111,000. MSHDA income and credit guidelines do apply. The program requires an 80% ($88,800) competitive-rate, first mortgage. There is no payment or interest on the prorated $22,200 second mortgage, forgivable over 10 years. 1% of the purchase price is paid by the buyer.
Please call Marilyn Smith at 734.341.1866 for information and application.
(picture of Allen Edwin Homes Elements 2000 being built at 516 8th Street)