Ser propietario de una vivienda es posible.
Our HomeAssist program provides up to $10,000 in down payment assistance1 to qualifying first-time homebuyers.
Buy your first home sooner.
The hardest part about buying a home? Deciding you're ready.
HomeAsssist is like a springboard designed to help first-time homebuyers clear that first, biggest hurdle: the down payment.
Qualifying buyers can receive up to $10,000 in down payment and closing cost assistance.1
The best part? There’s no repayment required!
Who qualifies for HomeAssist?
While you’ll have to connect with a loan officer to confirm that you qualify, here are the high-level requirements for receiving down payment assistance through HomeAssist.
Location
You intend to purchase a primary residence in Michigan or Florida.
Income
Your total household income is less than or equal to 120% of the local Area Median Income.
First home
You are a first-time homebuyer.
HomeAssist FAQs
HomeAssist operates on a first-come, first-serve basis and is only available while funds last. To see if you qualify, connect with a loan officer today.
To qualify for HomeAssist, your total household income must be less than or equal to 120% of the local Area Median Income (AMI). Since eligibility is based on local AMI, which varies by county, a loan officer near you can confirm your exact qualification.
Yes! HomeAssist is a down payment assistance program, not a type of mortgage. This means it can be paired with:
- Conventional mortgages
- FHA loans
- VA loans
- USDA Rural Development loans
- Other applicable first‑time homebuyer programs
Yes, in addition to HomeAssist, you could also receive up to $10,000 more in down payment assistance through the Michigan State Housing Development Authority (MSHDA).2
Eligible buyers can receive up to $10,000 to use toward their down payment and closing costs.1
No! Qualifying first-time homebuyers can use the down payment assistance they receive without any repayment.
HomeAssist’s 2025 recap
Buying a home? Start here.
Connect with one of our local mortgage experts. They’re ready to answer any homebuying questions you may have with a smile and an extra mile.
The home of all your homeownership needs.
Disclosures
El programa de asistencia para el pago inicial HomeAssist de LMCU está disponible para los compradores de vivienda por primera vez que lo soliciten a través de Lake Michigan Credit Union tengan la intención de comprar una residencia principal en Michigan o Florida. Los solicitantes deben tener un ingreso familiar que cumpla con los requisitos de ingreso medio del área local. Los solicitantes serán asistidos por orden de llegada hasta que se agoten los fondos. Es posible que se apliquen cargos adicionales. Usted puede ser elegible para recibir $15,000 si la propiedad en cuestión está ubicada en un área específica y cumple con los requisitos de ingreso medio del área. Programas sujetos a cambios. Consulte a su agente local de préstamos hipotecarios para obtener más detalles.
Terms and conditions apply. Find out more at www.michigan.gov/MSHDA.
