Reach That Homeownership Goal With The Affordability Gap Assistance Program

The North Corktown Pheasant designed by Bob Spence

Our mission is to help middle-income families afford home ownership.

Increase buying power to reach your homeownership goal with the Affordability Gap Assistance Program from Oakland Housing. This new second mortgage program can help middle income buyers affordably buy a home in select markets.

 

Affordability Gap Assistance Program (AGAP) Second Mortgage Highlights:

  • Zero payments, 0% interest for the first five years
  • Interest only payments for the next five years
  • Increase your buying power by up to 25%
  • Save for your future and pay down other debts while enjoying your new home

The Affordability Gap Assistance Program (AGAP) is available for individuals or families who meet the following criteria:

  • Not currently a homeowner 
  • Have found a home they wish to buy in either Wayne or Oakland Counties 
  • Able to apply for a mortgage 
  • Meet income criteria, outlined here

Do you meet all of the requirements above? If so, inquire below.

Name(Required)

Oakland Housing serves 80-120% AMI households in Oakland & Wayne Counties that fall within the standards according to the State of Michigan's - MSHDA Compliance Chart for Rental Housing Income and Rent Limits. To visit the chart directly on the State of Michigan's website, please click here.

What is Your Total Household Income?(Required)
Combined earnings of everyone living in the same household.
Which County Are you Interested In?(Required)
Click all that apply.
Which Cities Are you Interested In (Top 5)?(Required)
How did you hear about us?(Required)

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