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. You'll need to work with a participating lender to make sure you're eligible.

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