Ginny Hetland - Realtor - Midwest Properties Of MI / ERA Powered

05/05/2025

MSHDA UPDATES - Great Program - For Qualified Buyers!

12/23/2024

Homeownership Special Announcement
MSHDA’s Maximum Sales Price Limit Approved by State Senate
On Thursday, the State Senate passed House Bill 5032, a critical piece of bipartisan legislation that will expand homeownership options for Michiganders. The bill now heads to Governor Gretchen Whitmer for signature. Once signed into law, the updated maximum sales price is expected to be implemented within 90 days.

MSHDA’s maximum sales price limit will change from a flat dollar amount of $224,500, which has been unchanged since 2009, to using an annually updated index calculation of 90% of the IRS’s purchase price limit safe harbors for Mortgage Revenue Bonds.

This new calculation will put the MSHDA maximum sales price limit at $510,939 for a single-family home within all counties in Michigan. While this sales price limit is a significant increase, it is important to note the homebuyer(s) must meet both income and sales price limits when qualifying for a MSHDA home loan program. This includes the MSHDA MI Home Loan, MI $10K DPA, and Mortgage Credit Certificate programs.

The IRS updates purchase price limit safe harbors for Mortgage Revenue Bonds annually, typically around April. As we will be using this index calculation moving forward, you will see annual updates to our maximum sales price limit around May each year.

We are extremely excited that HB 5032 has been approved as it will allow MSHDA to help more Michiganders achieve their goal of homeownership. We will share implementation details after the bill is signed into law. Contact me today for referral to a MHSDA Loan Expert and to qualify for a MHSDA Purchase- program!

11/27/2024

Love this

Branch Christmas Tree Inspiration
See more: https://1millionideas.com/20-unique-alternative-christmas-trees?utm_source=THUY&utm_medium=1millionideas&utm_campaign=Marry+Dell&utm_content=craft&utm_term=11-2022

04/27/2024

Consumer sentiment for home buying and selling is growing despite recent headwinds.

04/27/2024

According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down.

01/05/2024

HAPPY NEW YEAR!!
I hope your New Year is off to a great start. I wanted to pass on that MSHDA will be lowering their rates. This is an awesome program for customers. Please let me know if any questions or if I can be of assistance.

MI Home Loan no DPA 6.00% APR 6.115%

MI Home Loan up to $10,000 Down Pmt. Assistance @ 6.625% APR- 6.744%

For more information- Contact myself or

Chris Slating | Loan Officer
Mortgage 1 | Grand Rapids Branch
3243 East Paris Ave SE | Kentwood, MI 49512
Tel (616) 575-9819 | mobile (616) 240-7330 | fax (616) 957-2306