Bay Mills Indian Community Down Payment Assistance Program

What is Bay Mills Indian Community Down Payment Assistance Program?

Bay Mills Indian Community Down Payment Assistance Program is a forgivable loan for homebuyers in Brimley, Michigan, administered by Bay Mills Housing Authority.

• The Bay Mills Housing Authority offers a limited amount of Down Payment Assistance on a yearly basis to income-eligible Bay Mills Indian Community Tribal Members who are first-time homebuyers purchasing a home in Chippewa County, Michigan. Assistance equals 10% of the purchase price up to a maximum of $8,000, available once in a lifetime. The applicant must be approved for a mortgage (no land contracts). If the recipient defaults or sells without buying a replacement within the first five years, the entire amount must be repaid.
• 10% of purchase price up to $8,000 toward down payment.
• Available to income-eligible Bay Mills Tribal Members.
• Credit counseling and mortgage-process support.
• Forgiven after 5 years of ownership.
• Funding comes from Bay Mills Housing Authority (limited amount offered yearly).

How much assistance does it provide?

Bay Mills Indian Community Down Payment Assistance Program offers up to $8,000 in assistance.

• Amounts are the program's published maximums, not an offer — Bay Mills Housing Authority determines any individual award.

Do you have to pay it back?

Bay Mills Indian Community Down Payment Assistance Program is forgiven after 5 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by If the recipient defaults, or sells without purchasing another unit, within the first 5 years, the entire amount must be repaid.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Bay Mills Indian Community Down Payment Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Bay Mills Indian Community Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size.

• Must meet HUD income guidelines (Bay Mills low-income programs generally use 80% of median income; 4-person dollar limit not stated in the DPA brochure).
• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Bay Mills Indian Community Down Payment Assistance Program can be used for Single Family.

Is there eligibility for specific groups?

Bay Mills Indian Community Down Payment Assistance Program names American Indian and Alaska Native buyers among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Bay Mills Indian Community Down Payment Assistance Program serves buyers purchasing in Brimley, Michigan.

• The program targets specific areas: Assistance limited to homes located in Chippewa County, Michigan.

How do you apply?

Applications for Bay Mills Indian Community Down Payment Assistance Program go through Bay Mills Housing Authority, which publishes the current terms and the application steps on its own site.

1. 1

   Contact Bay Mills Housing Authority to reserve funds

   Funds are reserved through Limited annual funding; applications at the Bay Mills Housing Authority office., and are subject to availability.

2. 2

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.