Nottawaseppi Huron Band of the Potawatomi (NHBP) Down Payment Assistance Program (DPAP)

Nottawaseppi Huron Band of the Potawatomi (NHBP) Down Payment Assistance Program (DPAP) is a forgivable loan for homebuyers in Fulton, Michigan, administered by Nottawaseppi Huron Band of the Potawatomi Housing Department. The Nottawaseppi Huron Band of the Potawatomi (NHBP) Down Payment Assistance Program provides enrolled tribal members residing in Michigan with assistance toward down payment, rate buy-down, and closing costs. Assistance is up to 20% of the primary mortgage, capped at $20,000 per member/household, on homes with a total purchase price not exceeding $175,000. The assistance is a second mortgage forgiven after five years of owner-occupancy, with a graduated recovery schedule on earlier defaults. Funded through NAHASDA / the Indian Housing Block Grant; one award per member per lifetime. Up to $20,000 / 20% of the mortgage toward down payment, rate buy-down, and closing costs. Forgiven after 5 years of owner-occupancy. Home inspection reimbursement up to $500 and origination fee up to 2%. One-on-one pre-homeownership counseling. Funding comes from NAHASDA and/or the Indian Housing Block Grant.

Nottawaseppi Huron Band of the Potawatomi (NHBP) Down Payment Assistance Program (DPAP) offers up to $20,000 in assistance. Homebuyer contribution: Applicant pays appraisal, credit report, and inspection fees before closing. Amounts are the program's published maximums, not an offer — Nottawaseppi Huron Band of the Potawatomi Housing Department determines any individual award.

Nottawaseppi Huron Band of the Potawatomi (NHBP) Down Payment Assistance Program (DPAP) is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Default if home ceases to be primary residence within 5 years, on sale/transfer, additional liens, tax/insurance default, foreclosure, bankruptcy, waste, or business use; recovery 100% yrs 0-2, 75% 2-3, 50% 3-4, 25% 4-5, 0% after 5 (100% any time on fraud). The assistance is recorded in Second mortgage position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Nottawaseppi Huron Band of the Potawatomi (NHBP) Down Payment Assistance Program (DPAP) is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: No real estate owned in last 3 years, except recent divorce/separation relinquishing a jointly-held home, or relocation to Calhoun/Kalamazoo/Branch County for employment with the Tribe/tribal enterprise. On credit, the program states: Must qualify for a first mortgage through an approved lender (no specific minimum stated). A homebuyer education course is required, through NHBP pre-homeownership counseling (Housing Counselor one-on-one); may contract a third-party seminar. Residency requirement: Funding available only to members residing within the State of Michigan. Citizenship or immigration status: Must be an enrolled member of the Nottawaseppi Huron Band of the Potawatomi; applicant and head of household each 18+. One award per tribal member per lifetime; applicant and head of household 18+; 30-day occupancy after closing and 5-year primary-residence covenant; appraisal must equal/exceed purchase price; first mortgage must close within 3 months of conditional approval. Loan term: forgivable second mortgage, 5 years.

Nottawaseppi Huron Band of the Potawatomi (NHBP) Down Payment Assistance Program (DPAP) sets its income limit as follows: Must meet NAHASDA income guidelines; all household income documented (specific dollar limits set by NAHASDA, not stated in ordinance). 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.

Nottawaseppi Huron Band of the Potawatomi (NHBP) Down Payment Assistance Program (DPAP) caps the purchase price at $175,000. Eligible property types include Single Family, Townhouse, Condo, Manufactured, Modular, and New Construction. New construction is eligible. Manufactured homes are eligible.

Nottawaseppi Huron Band of the Potawatomi (NHBP) Down Payment Assistance Program (DPAP) names American Indian and Alaska Native homebuyers 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.

Nottawaseppi Huron Band of the Potawatomi (NHBP) Down Payment Assistance Program (DPAP) serves homebuyers purchasing in Fulton, Michigan.

Applications for Nottawaseppi Huron Band of the Potawatomi (NHBP) Down Payment Assistance Program (DPAP) go through Nottawaseppi Huron Band of the Potawatomi Housing Department, which publishes the current terms and the application steps on its own site. Funds are reserved through Subject to budgeted DPAP funding; conditional approval then 3 months to secure first mortgage. 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.