NOW YOU CAN
- Buy a move-in-ready home
- Buy a home and renovate it
- Refinance and renovate your home
Loans subject to lender approval. Banks referenced are Member FDIC. Equal Housing Lender.
With Detroit Home Mortgage, qualified borrowers can get a mortgage for up to $75,000 above the appraised value of a home to buy a move-in-ready home, buy a fixer-upper home to renovate, or refinance to repair the home they already own. Down payment assistance is available for certain qualified borrowers.
The Detroit Home Mortgage partnership is led by Community Reinvestment Fund, USA (CRF), The Kresge Foundation and Ford Foundation, the City of Detroit, Michigan State Housing Development Authority (MSHDA), nonprofits, participating banks, and other committed financial investors. CRF, a national nonprofit community development financial institution, is a leader in bringing capital to underserved areas and has injected more than $2 billion into communities in 48 states around the country to provide affordable housing, help stimulate job creation and economic development, and support community facilities.
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