Port Huron’s Urban Pioneer+ program, geared towards low-to-moderate-income, first-time homebuyers within the city limits is offering up to $10,000 in down payment assistance.
Applicants can utilize the funds towards down payments, closing costs, and/or pre-paid items. The program defines “first-time homebuyer” as someone who hasn’t owned real estate in the past three years. Applicants are required to invest a minimum of 3% of the home’s purchase price into the mortgage transaction and attend a homebuyer education class through Blue Water Community Action Agency.
The assistance, forgivable after five years, comes with residency requirements and property standards. Properties purchased via Land Contract financing are ineligible, and the HUD-set maximum purchase price stands at $218,000.
For more details, contact the Community Development Office at: (810) 984-9736.
Reporting for WGRT – Choze Powell
