First-Time Home Buyer Guide

Your comprehensive guide to buying your first home in Michigan. We'll help you navigate the process with confidence.

Programs for First-Time Buyers

FHA Loans

Government-backed loans with low down payment requirements

  • Down payments as low as 3.5%
  • Flexible credit requirements
  • Competitive interest rates
  • Available to most first-time buyers

Michigan Down Payment Assistance

State programs to help with your down payment

  • Up to $7,500 in assistance
  • Available for eligible buyers
  • Can be combined with other programs
  • Flexible repayment terms

Conventional 97

Traditional mortgage with low down payment options

  • 3% down payment minimum
  • No upfront mortgage insurance
  • Available to qualified buyers
  • Competitive rates

Your Path to Homeownership

1

Check Your Credit

Review your credit report and score, address any issues, and understand what lenders will see.

2

Save for Down Payment

Start saving early and explore down payment assistance programs available in Michigan.

3

Get Pre-Approved

Know your budget and show sellers you're serious about buying.

4

Find Your Home

Work with a real estate agent to find the right home in your preferred area.

5

Make an Offer

Submit a competitive offer with guidance from your real estate agent.

6

Close the Deal

Complete the purchase process with help from your mortgage team.

Free Resources for First-Time Buyers

Homebuyer Education

  • Online homebuyer courses
  • Financial planning tools
  • Mortgage glossary

Expert Guidance

  • One-on-one consultations
  • Local market insights
  • Program eligibility review

Ready to Start Your Homebuying Journey?

Our mortgage experts are here to guide you through every step of the process.