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 a 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.

Fifth Third Mortgage

1850 East Paris SE
Phone: 616-653-9621

Finance of America Mortgage

2660 Horizon Dr SE Ste. 210
Phone: 616-675-2597

Guaranteed Rate

2311 Beltline Ave SE
Phone: 616-215-1016

Huntington Bank

1850 44th St SW
Phone: 616-406-2100

Independent Mortgage Co.

4200 East Beltline NE
Phone: 616-447-3994

Lake Michigan Credit Union

4027 Lake Dr SE
Phone: 616-242-9790

Macatawa Bank

116 Ottawa Ave NW
Phone: 616-820-2265

Mercantile Bank of Michigan

310 Leonard St NW
Phone: 616-406-3000

Mortgage 1, Inc.

3243 East Paris SE
Phone: 616-957-3480

Vandyk Mortgage

2449 Camelot Ct SE
Phone: 616-940-3000

Waterstone Mortgage

630 Kenmoor Ave SE Ste. 103
Phone: 616-458-4500

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