Oakland County Homebuyer Assistance Program

Overview

A straightforward $5,000 grant for first-time buyers anywhere in Oakland County, with a generous 120% AMI income limit.

Detailed requirements

Qualifying household income at or below 120% of Oakland County Area Median Income. First home purchase. Property located in Oakland County and occupied as the principal residence. Minimum $1,000 of the buyer's own funds. Pre-purchase counseling through an approved homeownership counseling program. Independent Bank must provide the purchase mortgage.

Eligibility at a glance

First-time buyer required

Yes

Max income (% AMI)

120%

Owner-occupied required

Yes

Homebuyer education required

Yes

Note: Mortgage must be financed through Independent Bank. Buyer contributes at least $1,000. Property must be the principal year-round residence in Oakland County. Applications accepted while funds last.