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Federal Grant up to $75,000 Available for First Time Homebuyers

Only 12 of the original 41 first time homebuyer grants remain available.   Under this special program, first time homebuyers can receive a HOPE VI Homeownership grant of up to $75,000* toward the purchase of select townhomes or single-family homes at Woodbridge Estates.  This grant is completely forgiven after 7-years of occupancy.

To qualify you may not have owned a home in the previous 18 months and must have:

• 1% down payment (approx. $1,800 - $2,300) plus closing costs; 
• mortgage preapproval of at least $104,000 for a condo or $142,000 for a house;
• complete a homeownership training course;
• be employed and earn at least $35,000/year, but less than:
  • $48,900 for a 1-person household; 
  • $55,900 for a 2-person household; 
  • $62,900 for a 3-person household; 
  • $69,900 for a 4-person household; 
  • $75,500 for a 5-person household.  

There are no other Federal, State or City programs that offer this much money to first time homebuyers. Call (313) 832-8800 TODAY to find out if you qualify.  A limited number of opportunities remain - and they’re going fast!  The sales office is open Saturday from 11:00 am to 4:00 pm and other times by appointment.

*Amount of grant and final approval for the Hope VI Homeownership program is in the sole discretion of the Detroit Housing Commission.