Frequently Asked Mortgage Questions

Do you have questions? We can help! You will find the answers to several frequently asked mortgage questions below.

Who Qualifies for down payment assistance?

There are a plethora of programs available to first time home buyers and current owners alike. These programs are sometimes constrained to geographic locations, income levels, are occupation specific, or in some cases, available to every borrower. Sometimes local lenders run promotions that are specific to their company.

What constitutes as a “first time home buyer”?

If you have never owned a home, or have not owned a home in 3 years, you are considered a “first time home buyer” and can qualify for first time buyer programs.

How do I begin?

You can begin by either following the prompts on our home page, or clicking “Apply Now.” Once you have submitted your contact information we will contact

Can my down payment be “a gift”?

Yes! Many programs allow a family member to gift you money for a down payment.

What other types of financing are available?

There are many different types of mortgages available for different types of buyers. Please refer to our “Traditional Mortgages” page for more information.

Michigan First Time Home Buyers is a team of brokers operating under Fagin Enterprises Inc. brokerage and is not a bank or mortgage lender.