Question 1

What is Little River Band of Ottawa Indians - Homeownership Initiative 100 (HI-100) Down Payment and Closing Cost Assistance?

Accepted Answer

Little River Band of Ottawa Indians - Homeownership Initiative 100 (HI-100) Down Payment and Closing Cost Assistance is a grant for homebuyers in Manistee, Michigan, administered by Little River Band of Ottawa Indians Housing Department. The Little River Band of Ottawa Indians Housing Department offers the Homeownership Initiative 100 (HI-100) Down Payment and Closing Cost Assistance program to enrolled Tribal Members nationwide. The grant covers the lesser of 3.33% of the total mortgage or $5,000 toward down payment and closing costs, one-time per head of household on a declared permanent residence. Recipients must keep the home as their primary residence for 10 years or repay the funds. Up to $5,000 (3.33% of mortgage) toward down payment and closing costs. Available to Tribal Members nationwide. Covers existing or new modular/stick-built homes. Homeownership education included. Funding comes from Tribal (Little River Band Homeownership Initiative); funding limited until annual allocation depleted.

Question 2

How much assistance does it provide?

Accepted Answer

Little River Band of Ottawa Indians - Homeownership Initiative 100 (HI-100) Down Payment and Closing Cost Assistance offers up to $5,000 in assistance. Amounts are the program's published maximums, not an offer — Little River Band of Ottawa Indians Housing Department determines any individual award.

Question 3

Do you have to pay it back?

Accepted Answer

Little River Band of Ottawa Indians - Homeownership Initiative 100 (HI-100) Down Payment and Closing Cost Assistance is structured as a grant, so it is not repaid. Repayment is triggered by Must repay if within 10 years the recipient fails to maintain the home as permanent primary residence or acquires an interest in another home. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Question 4

Who qualifies?

Accepted Answer

Little River Band of Ottawa Indians - Homeownership Initiative 100 (HI-100) Down Payment and Closing Cost Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence. "First-time" has exceptions here: Members who currently own do not qualify; a member who sells and applies proceeds to a new primary residence may qualify if not a prior DPA recipient. On credit, the program states: Must be pre-approved by a lender for credit score and work history (no specific minimum stated). A homebuyer education course is required, through Program includes a homeownership education component; provider not specified. Residency requirement: Available to Little River Band Tribal Members nationwide (home within or outside reservation boundaries). Citizenship or immigration status: Must be an enrolled Little River Band of Ottawa Indians Tribal Member. One-time-only per member; applicant must be over 21; must be pre-approved by a lender and approved by LRBOI Housing for rate/terms/fees; 7-10 business days' notice before closing. Loan term: grant subject to a 10-year primary-residence covenant. UNCONFIRMED: income limits, min credit score, max DTI, max purchase price, lien position, mortgage term/rate type, education provider.

Question 5

What are the income limits?

Accepted Answer

Little River Band of Ottawa Indians - Homeownership Initiative 100 (HI-100) Down Payment and Closing Cost Assistance sets its income limit as follows: No income limit stated in the HI-100 application/guidelines. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Question 6

What kind of home can it be used for?

Accepted Answer

Little River Band of Ottawa Indians - Homeownership Initiative 100 (HI-100) Down Payment and Closing Cost Assistance can be used for Single Family, Modular, and New Construction. New construction is eligible. Manufactured homes are not eligible.

Question 7

Is there eligibility for specific groups?

Accepted Answer

Little River Band of Ottawa Indians - Homeownership Initiative 100 (HI-100) Down Payment and Closing Cost Assistance 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.

Question 8

Where does it apply?

Accepted Answer

Little River Band of Ottawa Indians - Homeownership Initiative 100 (HI-100) Down Payment and Closing Cost Assistance serves buyers purchasing in Manistee, Michigan.

Question 9

How do you apply?

Accepted Answer

Applications for Little River Band of Ottawa Indians - Homeownership Initiative 100 (HI-100) Down Payment and Closing Cost Assistance go through Little River Band of Ottawa Indians Housing Department, which publishes the current terms and the application steps on its own site. Funds are reserved through First-come; processed until fiscal-year funding is depleted. 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.

Little River Band of Ottawa Indians - Homeownership Initiative 100 (HI-100) Down Payment and Closing Cost Assistance