Welcome Home Program

  • Welcome Home Program

    Increasing Homeownership in the city of Detroit

  • Congratulations on taking the first steps to buying your first Detroit home! 

     

    This program was created by myself, Sandra Peterson a licensed REALTOR® in the state of Michigan. My main goal is to boost home ownership in the city of Detroit, while utilizing availble resources given to us. This program utilizes the City of Detroit Downpayment Assistance program which gives up to $25,000 in assistance to homebuyers.

    If you are ready to go from Renter to Owner in the next 60 days, please complete the questionnaire below.

  • Format: (000) 000-0000.
  • Are you ready to become a homeowner in the next 50-60 days?*
  • Have you owned a home in the past 3 years?*
  • Have you been a resident of Detroit for the past 12 months?*
  • Do you have 2 consecutive years of work history?*
  • Do you have a credit score of 600 or higher?*
  • Do you have max yearly income of $56,600 for a single person household?*
  • Are you willing to make your new home your primary residence for the next 3 years?*
  • Are you willing to take a required home buying course in order to receive the homebuying grant?*
  • Have you recently filed for bankruptcy*
  • Do you currently have funds saved for a home? (between 1-2 thousand needed for a deposit, inspection and appraisal)*

  • Here's what you need to know about the grant program: 

    -The grant offers up to $25,000 that can be used towards your downpayment, closing cost, interest paydown and escrow deposits. It can also be used to lower your principal payment.

    -If you reside in your home for a total of 3 years the grant will be fully forgiven. If you sell or leave your primary home prior to 3 years the grant will be due back. 

    -If you qualify for a traditional mortgage you will qaualify for the grant as well. 

  • Thank you completing the inital questionnare for the Welcome Home Program by Sandra Peterson. Please be on the lookout for the programs guidlines, my free homebuyers guide and timeline in your email.

     

    Sandra Peterson 

    Real Broker, LLC 

    586-930-5777

    Sandraprealestate.com

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