Michigan homebuyers, take note — big changes are coming that could make purchasing a home more achievable than ever. Beginning in May 2025, the Michigan State Housing Development Authority (MSHDA) will raise its maximum sales price limit for the first time in over 16 years. Thanks to the passage of HB 5032, this update opens […]
For many first-time homebuyers, saving for a down payment is one of the biggest challenges to homeownership. The Michigan State Housing Development Authority (MSHDA) is making it easier with the First-Generation Down Payment Assistance Program, which provides up to $25,000 to qualified buyers. With only $8 million in available funding, this is a limited opportunity […]
Buying your first home is an exciting milestone, but navigating the mortgage process can feel overwhelming. The good news? There are several loan programs designed specifically for first-time homebuyers, many of which offer flexible credit requirements, low down payments, and even financial assistance. At Michigan Mortgage, we specialize in helping first-time buyers understand their options […]
Buying a home is one of the most significant milestones in life, and if 2025 is your year, preparation is key. Whether you’re a first-time buyer or looking to upgrade, having a plan in place can make your journey smoother and more successful. Here are the steps to take now to set yourself up for […]
If you’ve been waiting for the right moment to purchase a home in Michigan, the time is now. With market conditions favoring buyers, there’s no better opportunity to make your dream of homeownership a reality. Here’s why acting now can set you up for success in Michigan’s real estate market. 1. Seasonal Market Advantages Fall […]
If you’re a first-time homebuyer, you’ve likely heard about private mortgage insurance, or PMI. Here’s a quick breakdown of what PMI is and how it can help you become a homeowner sooner. What is Private Mortgage Insurance? PMI is an insurance policy that reduces risk for lenders, enabling them to offer loans with smaller […]
Winter in Michigan might not seem like the ideal time to buy a home, but for savvy buyers, it can be the perfect season to secure a great deal. While the snow may deter some, those who are willing to brave the cold can enjoy several advantages that make winter one of the best times […]
As the year winds down, many potential buyers and sellers wonder if it’s worth pursuing a real estate transaction before the holidays. Surprisingly, buying or selling during this season can actually work in your favor. Here’s a quick look at the unique benefits of making a move right now. For Buyers: Less Competition, Better Deals […]
It’s the perfect time to start thinking about home maintenance to keep your house in top shape through the fall and winter months. The intense heat of summer can take a toll on your home’s exterior, making a regular maintenance routine essential for preserving its appearance and function. Here are a few simple tasks you […]
If you’re thinking about buying a home, you might have heard of a MSHDA loan. The Michigan State Housing Development Authority (MSHDA) offers a range of mortgage programs to make homeownership more accessible. MSHDA aims to ensure that all Michigan residents have access to safe, affordable, and quality housing, promoting stable communities and economic growth […]
