Michigan Loan Term Sheet

State:
Multi-State
Control #:
US-ENTREP-0095-1
Format:
Word; 
Rich Text
Instant download

Description

A Term Sheet isa lender's formal expression of interest making a loan.
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How to fill out Loan Term Sheet?

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FAQ

1) Eligible homeowners must have a qualified financial COVID related hardship that occurred on or after January 21, 2020, 2) Currently own and occupy their home as their primary residence, and 3) Household income equal to or less than 150% of area median income (AMI).

Rental, Housing, and Utility Assistance Programs If you are homeless or are in danger of becoming homeless, please contact your county Housing Assessment Resource Agency (HARA). You can find the contact information for your local HARA by clicking here. Rental Help: Michigan | HUD.gov / U.S. Department of Housing and ... hud.gov ? states ? michigan ? renting hud.gov ? states ? michigan ? renting

Mortgage Assistance for Homebuyers in Michigan One of the programs that MSHDA offers is the MI First Home Down Payment Assistance (DPA). The maximum DPA under this program is $7,500. FHA Down Payment Assistance Grants for 2023 fha.com ? fha-grants fha.com ? fha-grants

Up to $25,000 Grant Per Household to Pay: Delinquent mortgage/housing expenses, including property tax and insurance escrow shortages. Delinquent land contract payments, mobile home consumer loan payments or mobile home park lot payments. Delinquent property taxes (all years)

The Michigan Homeowner Assistance Fund (MIHAF) is for homeowners with financial hardships due to the COVID-19 pandemic. The Michigan State Housing Development Authority (MSHDA) processes the applications, while Wayne Metro is here to help you submit your application! Michigan Homeowner Assistance Fund (MIHAF) Wayne Metro Community Action Agency ? mihaf Wayne Metro Community Action Agency ? mihaf

Up to $25,000 Grant Per Household to Pay: Delinquent mortgage/housing expenses, including property tax and insurance escrow shortages. Delinquent land contract payments, mobile home consumer loan payments or mobile home park lot payments. Delinquent property taxes (all years) Michigan Homeowner Assistance Fund (MIHAF) Michigan (.gov) ? mshda ? homeownership Michigan (.gov) ? mshda ? homeownership

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Michigan Loan Term Sheet