JACKSON, Mich. Members of EECU may be eligible for up to $5,000 in first-time homebuyers grants from the Michigan State Housing Development Authority’s Homebuyer Assistance Grant Program.
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The program allows qualifying ECCU members up to $3,000 assistance for non-military borrowers and up to $5,000 for active and veteran military borrowers who are looking to purchase a single family/one-unit owner occupied primary residence.
The state of Michigan has earmarked $15 million in grant money to support first-time homebuyers on a first come, first served basis.
Grant assistance cannot exceed 25% of the purchase price of the home and no repayment is required from the borrower.
