City of Westland Homebuyer Program

City of Westland Homebuyer Program is a forgivable loan for homebuyers in Westland, Michigan, administered by City of Westland Department of Housing & Community Development (applications processed by National Faith Homebuyers). The City of Westland Home Buyer Program provides down payment and eligible closing cost assistance (maximum loan $14,500, based on need) to low- and moderate-income families purchasing a home in the City of Westland. Assistance is a 0% forgivable loan secured by a second mortgage; the lien is forgiven after a 5-year affordability period if all requirements are met. Applicants are referred to National Faith Homebuyers for counseling and processing. Up to $14,500 in down payment and closing cost assistance as a 0% forgivable second mortgage, forgiven after 5 years. Funding comes from Federal HOME funds via City of Westland / HUD.

City of Westland Homebuyer Program offers up to $14,500 in assistance. Amounts are the program's published maximums, not an offer — City of Westland Department of Housing & Community Development (applications processed by National Faith Homebuyers) determines any individual award.

City of Westland Homebuyer Program is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by If the home is sold, rented, or refinanced during the 5-year affordability period, the full assistance must be repaid to the City of Westland; lien forgiven after 5 years if all program requirements met. 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.

City of Westland Homebuyer Program is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through National Faith Homebuyers (homeownership counseling program). Homebuyer must be at least 18; cannot own other real estate at purchase; liquid assets cannot exceed $25,000; must occupy as principal residence at least 5 years; must complete National Faith homeownership counseling; property must pass City Home Certification Inspection/HQS and obtain Certificate of Occupancy. City will subordinate only for a rate/term-reducing refinance, not for cash-out.

City of Westland Homebuyer Program limits household income to 80% of the area median income, which varies by county and household size. Annual gross income cannot exceed 80% of Detroit area median income as determined by HUD income limits; income tested at the time the household initially occupies the property or when HOME funds are invested, whichever is later. 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.

City of Westland Homebuyer Program caps the purchase price as follows: Property sales price must be below the HUD HOME limits for the Detroit PMSA (per hud.gov). Eligible property types include Single Family, Condo, and Manufactured. New construction is eligible. Manufactured homes are eligible.

City of Westland Homebuyer Program serves homebuyers purchasing in Westland, Michigan.

Applications for City of Westland Homebuyer Program go through City of Westland Department of Housing & Community Development (applications processed by National Faith Homebuyers), which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.