Homebuyer Assistance Fund

Image of the Homebuyer Assistance program logo

The Homebuyer Assistance Fund (HAF) program offers up to $7,500 for low- and moderate-income homebuyers. Buyers can use the money for down payment, closing costs, and prepaid expenses.


Homebuyer Requirements

  • At least 18 years old and has not owned a home within last 3 years
  • Agrees to occupy home as primary residence for at least 5 years
  • Household does not exceed Annual Income Limits
  • Household has $10,000 or less in assets
  • Pre-approved for a mortgage from a participating lender
  • Completes an approved homebuyer education course

Property Requirements

  • Located in Grand Rapids city limits
  • Meets HUD/FHA minimum property standards at the time of closing
  • Undergoes structural, mechanical, electrical, and plumbing inspections
  • Meets program guidelines regarding lead-based paint
  • Purchase price is at or below HUD established limits

Keep in mind that these requirements are here to provide general information. To apply for assistance through the Homebuyer Assistance Fund, you will need to first work with a participating lender to get pre-approved for a mortgage. Your lender will help submit your application.

Chemical Bank

1736 Gezon Parkway SW

Telephone: 285-7471


Compass Mortgage Inc.

250 Monroe Ave NW, Ste. 100

Telephone:  649-6940


Guaranteed Rate

2311 Beltline Ave SE

Telephone:  215-1016


Horizon Bank

250 Pearl St NW

Telephone: 214-3763


Independent Bank

4200 east Beltline Ave NE

Telephone:  800-355-0641


Mercantile Bank

310 Leonard St NW

Telephone:  800-453-8700


Mortgage 1, Inc.

3243 East Paris SE

Telephone:  957-3480


Northpointe Bank

3333 Deposit Dr NE

Telephone:  974-8457


Simple Mortgage

4386 14 Mile Rd NE

Telephone:  616-855-4200


Treadstone Funding

214 Fulton St East

Telephone: 774-9160


Van Dyk Mortgage

2449 Camelot Court SE

Telephone:  940-3000


Waterstone Mortgage

630 Kenmoor Ave SE Ste. 103

Telephone:  458-4500

Greenpath Financial Wellness

3501 Lake Eastbrook Blvd SE Ste. 222
Phone: 616-942-2119


Inner City Christian Federation (ICCF)

920 Cherry St SE
Phone: 616-336-9333


Michigan State University Extension

775 Ball Ave NE
Phone: 616-632-7874


New Development Corporation

205 Carrier St NE
Phone: 616-361-7500