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A Guide for Detroiters: Up to $45k to Buy a Home & Which Lenders Close Those Loans
dc.contributor.authorPalmer, David
dc.contributor.authorMeehan, Patrick
dc.date.accessioned2024-01-23T16:29:32Z
dc.date.available2024-01-23T16:29:32Z
dc.date.issued2023-08-23
dc.identifier.urihttps://hdl.handle.net/2027.42/192120en
dc.description.abstractThe City of Detroit's down payment assistance (DPA) program makes available up to $25,000 to support Detroiters seeking to purchase a home in the city. This short guide details how Detroit residents can access the city's DPA funds, and details options to "stack" DPA from other sources to yield up to $45,000 to purchase a home. The city has highlighted 13 mortgage lenders as participating in the program. Analyzing Home Mortgage Disclosure Act data, lender performance and volume of originations is discussed so that buyers can be better informed of lender performance before applying for a mortgage. The paper also details information helpful to finding a home when properties with condition challenges, and limited availability in buyer-desired locations, constrain the supply of home options available for purchase.en_US
dc.language.isoen_USen_US
dc.rightsAttribution-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nd/4.0/*
dc.subjectHomeownershipen_US
dc.subjectMortgage Lendingen_US
dc.subjectMSHDAen_US
dc.subjectFHAen_US
dc.subjectDetroiten_US
dc.titleA Guide for Detroiters: Up to $45k to Buy a Home & Which Lenders Close Those Loansen_US
dc.typeTechnical Reporten_US
dc.subject.hlbsecondlevelSocial Work
dc.subject.hlbtoplevelSocial Sciences
dc.contributor.affiliationumcampusAnn Arboren_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/192120/1/a-guide-for-detroiters-up-to-45k-to-buy-a-home.pdf
dc.identifier.doihttps://dx.doi.org/10.7302/22120
dc.identifier.orcid0000-0001-6778-8574en_US
dc.description.filedescriptionDescription of a-guide-for-detroiters-up-to-45k-to-buy-a-home.pdf : Main article
dc.description.depositorSELFen_US
dc.identifier.name-orcidMeehan, Patrick; 0000-0001-6778-8574en_US
dc.working.doi10.7302/22120en_US
dc.owningcollnameSocial Work, School of (SSW)


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