Detroit Home Mortgage borrowers must complete classes in homebuyer education and the financial risks involved in borrowing more than the appraised value of a home. Friday, May 19, 2017 at 6:30 PM – 8:30 PM EDT. It is important to know that your pre-qualification letter amount covers the purchase of the home and the renovation costs. Detroit Home Mortgage. pin. You can take the course by watching the video below, and following the instructions at the end. All rights reserved. This page will provide you with great information on the many Down Payment Assistance Programs that are available for use with Detroit Home Mortgage. Properties can be located anywhere in the City of Detroit. Detroit Home Mortgage borrowers must complete classes in homebuyer education and the financial risks involved in borrowing more than the appraised value of a home. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Click here for more information! Register Today; Links. Detroit Home Mortgage. As a participating lender, we offer a variety of solutions that can assist in financing homes in the City of Detroit. Detroit Home Mortgage. You may pause the video at any time or restart at any time. The Moss Foundation/ Detroit Home Mortgage Completing a homebuyer education course or workshop is a required component by most lenders and all down payment assistance programs. Independent Bank is proud to partner with the Detroit Home Mortgage program. Properties can be located anywhere in the City of Detroit. Events. This allows the borrower to enjoy the benefits of a new home without the worry of paying certain closing costs. Please see tcfbank.com/personal/mortgage/heart-and-home for more information. The innovative product offers a first mortgage from regional banks and a second mortgage of up to $75,000 for home renovations. This mortgage continuing education course provides a review of relevant issues facing mortgage loan originators (MLO's) today. Applicants must be in good financial standing with a minimum FICO credit score of 600, have adequate income, and the required down payment. Detroit Home Mortgage (DHM) Renovation Education is a required course for prospective DHM home buyers pursuing a home with renovation needs. 248-607-5397 | communityhousingnetwork.org, 313-873-0064 | centraldetroitchristian.org. Provides online mortgage broker and Mortgage Loan Originator training throughout the United States. Students interested in becoming a mortgage broker must pursue formal education, training, and a mortgage broker license. Most home sales in Detroit require cash; only 19 percent of the 3,800 sales in 2016 involved a mortgage, reflecting the difficulty to secure loans in a city where property values are less than half what they were a decade ago. A news release today said Duggan and others will announce the Detroit Home Mortgage initiative, which it described as “a new mortgage to address Detroit’s appraisal financing gap … Show Map. Through Detroit Home Mortgage, qualified borrowers can receive mortgage financing well above appraised values, including up to $75,000 for needed renovations. independentbank.com/detroit-home-mortgage-program. We offer monthly Homebuyer Education workshops at DHHS Southwest Service Center, located at 2524 Clark St., Detroit, MI 48209. Click on a marker to get more information, including price and year the home was built. 09 – HUD Approved Homebuyer Course | 8:30am-4:30pm |, 15 – HUD Approved Homebuyer Course | 4:00pm-8:00pm |, 17 – HUD Approved Homebuyer Course | 9:15am-5:15pm |, 21 – HUD Approved Homebuyer Course | 1:00pm-7:00pm |, 31 - HUD Approved Homebuyer Course | 10:00am-2:00pm |, 03 - HUD Approved Homebuyer Course | 5:30pm-8:30pm |, 05 - HUD Approved Homebuyer Course | 5:30pm-8:30pm |, 07 - HUD Approved Homebuyer Course | 10:30am-1:30pm |, 10 – HUD Approved Homebuyer Course | 5:30pm-8:30pm |, 12 – HUD Approved Homebuyer Course | 5:30pm-8:30pm |, 13 – HUD Approved Homebuyer Course | 8:30am-4:30pm |, 14 - HUD Approved Homebuyer Course | 10:30am-1:30pm |, 14 – HUD Approved Homebuyer Course | 9:15am-5:15pm |, 14 - HUD Approved Homebuyer Course | 10:00am-2:00pm |, 18 – HUD Approved Homebuyer Course | 1:00pm-7:00pm |, 21 – HUD Approved Homebuyer Course | 9:00am-3:30pm |, 28 - HUD Approved Homebuyer Course | 10:00am-2:00pm |, 03 – HUD Approved Homebuyer Course | 4:00pm-8:00pm |, 05 – HUD Approved Homebuyer Course | 9:15am-5:15pm |, 08 - HUD Approved Homebuyer Course | 5:30pm-8:30pm |, 10 - HUD Approved Homebuyer Course | 5:30pm-8:30pm |, 11 – HUD Approved Homebuyer Course | 8:30am-4:30pm |, 12 - HUD Approved Homebuyer Course | 10:00am-2:00pm |. Huntington will pay certain closing costs for borrowers that utilize the Detroit Home Mortgage Program. Detroit Home Mortgage Finance Financing Mortgage Propety Taxes. Douglas Procunier | Greater Detroit Area | Program Administrator for the Detroit Home Mortgage Program | 179 connections | See Douglas's complete profile on Linkedin and connect Wayne Metro understands that our communities are facing unprecedented challenges due to the COVID-19 pandemic. In an effort to respond to the immediate needs of Michigan residents, Wayne Metro is implementing our CARES Relief & Recovery Services. Learn more about how we help prospective homeowners here. 11:00am on Sep 10 2020. Hosted by Brick + Beam Detroit. © Detroit Home Mortgage. DHM's High CLTV course is one of the two courses you will need to obtain a DHM loan. ... FINANCIAL & HOUSING education & Counseling ORIENTATION with WMCAA within the City of Detroit Michigan residents wayne... 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