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City of Taylor Home Down Payment Assistance (DPA) Program

City of Taylor (program administration awarded to National Faith Homebuyers) · Taylor, Michigan

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Assistance

$40,000

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven after 10 years

What is City of Taylor Home Down Payment Assistance (DPA) Program?

City of Taylor Home Down Payment Assistance (DPA) Program is a forgivable loan for homebuyers in Taylor, Michigan, administered by City of Taylor (program administration awarded to National Faith Homebuyers).

  • The City of Taylor restarted its Home Down Payment Assistance (DPA) program in 2024, awarding administration to National Faith Homebuyers and raising the per-household assistance cap to the maximum allowable $40,000, combining 2020 and 2021 HOME funds (~$400,000 total). Assistance is a forgivable lien: amounts up to about $14,010 forgiven over 5 years, and higher amounts up to $40,000 forgiven over 10 years. Open to first-time homebuyers purchasing in the City of Taylor.
  • Forgivable down payment/closing cost assistance up to $40,000 per household, forgiven over 5 or 10 years depending on amount.
  • Funding comes from 2020 HOME funds (~$230,000) plus 2021 HOME funds ($219,005.90), ~$400,000 total via City of Taylor / HUD.

How much assistance does it provide?

City of Taylor Home Down Payment Assistance (DPA) Program offers up to $40,000 in assistance.

  • Award tiers: Tier 1: up to $14,009.99 forgiven over 5 years. Tier 2: amounts above $14,009.99 up to $40,000 require a 10-year forgiveness period.
  • Amounts are the program's published maximums, not an offer — City of Taylor (program administration awarded to National Faith Homebuyers) determines any individual award.

Do you have to pay it back?

City of Taylor Home Down Payment Assistance (DPA) Program is forgiven after 10 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Forgivable-lien structure: assistance up to $14,009.99 forgiven over a 5-year period; assistance above that, up to the $40,000 cap, requires a 10-year forgivable period.
  • The assistance is recorded in second position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of Taylor Home Down Payment Assistance (DPA) Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: Buyer must not have owned any other residential property at the time of application and may not have owned a home within the last 3 years.
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through National Faith Homebuyers (homeownership counseling)
  • DRAFT (dpa-gap-finder 2026-06-11): pending admin review. First-time buyer (no homeownership in last 3 years and no other residential property at application); HOME-funded forgivable lien; administered by National Faith Homebuyers; homebuyer counseling required. unconfirmed: min_credit_score; max_dti; income_limit_amount; max_purchase_price; max_liquid_assets; assistance_amount_min; min_contribution; citizenship_requirement; eligible_products (full eligibility terms not published on an official City of Taylor document; verified via City of Taylor program page and June 2024 Taylor City Council action).

The program excludes

  • New construction
  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

City of Taylor Home Down Payment Assistance (DPA) Program limits household income to 80% of the area median income, which varies by county and household size.

  • Income eligibility based on HUD limits for the Detroit-Warren-Dearborn MSA (typically 80% AMI for HOME-funded down payment assistance). unconfirmed: exact income_limit thresholds.
  • 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?

City of Taylor Home Down Payment Assistance (DPA) Program can be used for Single Family.

  • New construction is not eligible.

Where does it apply?

City of Taylor Home Down Payment Assistance (DPA) Program serves buyers purchasing in Taylor, Michigan.

How do you apply?

Applications for City of Taylor Home Down Payment Assistance (DPA) Program go through City of Taylor (program administration awarded to National Faith Homebuyers), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through National Faith Homebuyers (homeownership counseling).

  2. Contact City of Taylor (program administration awarded to National Faith Homebuyers) to reserve funds

    Funds are reserved through Program administered by National Faith Homebuyers at $1,200 per client; application packet submitted to the City of Taylor for approval., and are subject to availability.

  3. 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.

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