Rural Development Guideline Changes
So maybe you heard rumblings of something happening at RD. Well there certainly are changes being made. Some positive some not so great. First off lets talk about timing. RD is not out of money, for the last week of November they are not accepting application, but that’s not so bad, they anticipate being caught up on all the files Dec. 1St when they start accepting applications again. If we can go from 3+ week turn times to a couple days, well that’s fantastic! For UP TO DATE Turn Times follow this link.
Here is an outline of what affects real estate agents in regards to the guideline changes:
- Barn are O.K.
- Site value requirement removed (should have any land split issues)
- Pools are O.K.
- No more Realtor admin fees. . . . I know that one hurts. – Follow this link for an update on this
It should be noted that we are still waiting to see how all this unfolds but come Dec. St these changes will go into effect.
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A Game Changer for First-Generation Homebuyers in Michigan
Exciting news for first-generation homebuyers in Michigan! A new down payment assistance program is set to roll out soon, making the dream of homeownership more attainable than ever. This innovative program aims to help individuals who are the first in their families to purchase a home overcome the significant financial hurdle of a down payment.
Key Details:
While the full details of the program will be released on January 29th, here’s what we know so far: