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Down Payment Assistance: An In Depth Look At The MSHDA Programs

May 2022 Lunch & Learn Event and Webinar

What is MSHDA?

MSHDA stands for Michigan State Housing Development Authority.    MSHDA’s Homeownership division provides a number of different assistance programs for homebuyers.  MSHDA works with both first-time homebuyers and move-up buyers.

Loan Programs Covered

Here is a list of loan programs we will discuss.  During the event we will be talking about general qualifications, down payment requirements, credit scores, program restrictions, and ways we use each program to solve problems and jump thru hoops.

  • How the MSHDA add-on works with Conventional, FHA, RD, & VA
  • MI Home Loan Mortgage:  which offers down payment assistance up to $10,000 and also interest rate reduction options
  • MI Home Loan Flex Mortgage: which offers down payment assistance up to $7,500
  • Mortgage Credit Certificate (MCC)  – a tax credit for home buyers
  • Housing Education

A key element in becoming a high preforming agent is education and training.  Come learn from one of the best!  Speaker Jeremy Drobeck was the number 2 producer in Southwest Michigan for MSHDA loans in 2021.  He brings a wealth of knowledge on the topic. Jeremy has been successfully using this program to help home owners win in multiple offer situations.  We want to help you in your journey so we are offering both a live event and zoom webinar for each of our lunch and learns this year.  For more info on MSHDA right now click here.  If you need help with anything between now and our next event don’t hesitate to reach out.   Can wait to see you there!

Sign Up Today!

LIVE EVENT

Date: May 11th

Time: 12:00 – 1:30

Location: 5830 Venture Park Dr. Kalamazoo, MI 49009

Limited Seating. RSVP required.  Box Lunch will be provided.  Email bmiller@amerifirst.com to reserve your spot!

REGISTER NOW

ZOOM WEBINAR

Date: May 19th

Time: 10:30 – 12:00

Zoom Meeting

 

 

REGISTER NOW

 

Follow this link for a list up other upcoming events

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HOW TO PROTECT YOUR MORTGAGE RATE WHEN CLOSING GETS DELAYED

Are you under contract on a home with an expiring rate lock?  Need a rate lock extension?

Yesterday, a buyer called me in a total panic. They locked in their mortgage interest rate 30 days ago while shopping for a home near the Westwood neighborhood. Everything moved along fine until the seller asked to push closing back by ten days to finish clearing out their garage.

The buyer asked me, “Jeremy, if our rate lock expires before we close, will our interest rate jump up? Will our monthly payment go through the roof?”

I told them straight up: “Take a deep breath! An expiring rate lock will not ruin your deal, and you will not lose your low rate!”

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