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.


A summary of the program and application process can be found here(PDF, 309KB)

Choice One Bank

330 Market Avenue SW

Telephone: 616-887-7366

Compass Mortgage Inc.

250 Monroe Ave NW, Ste. 100

Telephone: 616-649-6940

Churchill Mortgage Corp.

1600 E. Beltline Ave Ste. 114

Telephone: 616-301-7100

Guaranteed Rate

6140 28th Street SE, Ste. 125

Telephone: 616-215-1016

GVC Mortgage Inc.

2450 44th Street, Ste. 302A

Telephone: 269-806-3841

Horizon Bank

250 Pearl St NW

Telephone: 616-214-3763

Hometown Lenders

824 Bridge St NW, Ste. 1

Telephone: 616-890-9456

Independent Bank

4200 east Beltline Ave NE

Telephone: 800-355-0641

Lake Michigan Credit Union

4027 Lake Drive

Telephone: 800-242-9790

Mercantile Bank

310 Leonard St NW

Telephone: 800-453-8700

Mortgage 1, Inc.

3243 East Paris SE

Telephone: 616-957-3480

Northpointe Bank

3333 Deposit Dr NE

Telephone: 616-974-8416

Old National Bank

5200 Cascade Rd SE


Opportunity Resource Fund

250 Monroe Ste 150

Telephone: 616-425-2177


3210 Eagle Run Drive NE #202

Telephone: 616-202-0101

Ruoff Mortgage

1593 Galbraith Ave SE, Ste 200

Telephone: 800-627-8633

Simple Mortgage

4386 14 Mile Rd NE

Telephone: 616-855-4200 

Treadstone Funding

214 Fulton St East

Telephone: 616-774-9160

Van Dyk Mortgage

2449 Camelot Court SE

Telephone: 616-940-3000

Waterstone Mortgage

1593 Galbraith Ave SE, Ste. 200

Telephone: 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