Down Payment Assistance

 Limited Time Offer! NMCAA is offering a Down Payment Assistance Program!

• This is a 0% deferrable loan that must be paid back in full at any transfer of title/ownership
• Household income must be at or below 100% Area Median Family Income (AMFI) https://www.huduser.gov/portal/datasets/il/il2021/select_Geography.odn Income is calculated by using the households’ Adjusted Gross Income (AGI) on the prior year’s tax return.
• $3,000.00 in Down Payment Assistance (DPA) per household, the household must bring at least $1,000.00 of their own funds to closing.
• To qualify, household must have a valid Homebuyer Education certificate (within past year) and attend at least one pre-purchase appointment with an NMCAA Budget/Housing Coach
• Down Payment Assistance (DPA) can be paired with IDA funds for maximum benefit
• Offered on a first come, first qualified basis

Register for upcoming workshops or meet with a Budget & Housing Coach by clicking below.

Register Here

For more information please call 231-947-3780 or text 231-714-4578 or email fmsintake@nmcaa.net.