Michigan

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Direct Program

The Direct Program offers individuals with low or very low income the opportunity to purchase or repair their home at affordable monthly payments.

Purchase Program 

Rural Development's Purchase Program offers low income individuals the opportunity to maximize their loan potential by offering subsidized interest rates as low as 1% and a loan term of 33 years.  Loan funds can be used to build or purchase existing homes in rural areas. Click here for more information.

Repair program

Rural Developments Repair Program offers very low income individuals an interest rate as low as 1%.  Loan funds can be used to improve, modernize, remove health & safety hazards, and remodel for handicap accessibility.  Grant funds are limited and available to very low income individuals who are 62 years or older and have no repayment ability (other restrictions may apply.)  Click here for more information.

Eligibility Criteria

  • Does not currently own adequate housing.

  • Unable to obtain financing from conventional lenders.

  • U.S. Citizen or qualified alien status.

  • Occupy dwelling as primary residence.

  • Adequate dependable income.

  • Acceptable credit history.

  • Show adequate repayment ability.

  • Must have adjusted household income that does not exceed low income limits established for county.

  • Must have legal capacity to incur the loan obligation.

  • Other restrictions may apply.

 

Property Requirements

  • Structurally and functionally adequate, in good repair.

  • Market value must not exceed area loan limit for county.

  • Must be located in the designated Rural Areas.

  • On-site water, sewage systems that comply with zoning and state/health standards.

  • Prohibited features include: Income producing property, farm structures, in-ground pools, manufactured homes, excess acreage, value of property must not exceeds 30%.

  • Other restrictions may apply for:

Existing Dwelling

Manufactured Housing

New Construction

How to apply
(Click each link for more information)

Check the Income Limit Guidelines

Contact your local Area Office 

Submit a Prequalification

Property Eligibility Web site

 

Other Services
(The lists provided below are not endorsements by Rural Development.)

  Homeownership Education Providers
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Click here for our manufactured housing dealer directory.

 

 

 

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