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Wayne County, Michigan

First Time Homebuyer Loans in Wayne County, MI

Compare lenders who handle first time homebuyer loans across 42 communities in Wayne County, then pick your city for the pros closest to you.

First Time Homebuyer Loans guide
  • Free, no obligation
  • Every city in Wayne County
  • Paid spots always labelled

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Get first time homebuyer loans quotes

Add your ZIP and we will route your request to lenders serving Wayne County.
Free to use. Your details go to Rebuild Detroit and the pros you choose.

Rebuild Detroit is not a lender or mortgage broker, does not make credit decisions or quote rates, and information here is general, not financial advice.

Free for homeowners: no fees to compare or request quotes
Compare side by side: verification status on every profile
One request goes to the local pros you choose
Local to Wayne County: pros who serve your area

First Time Homebuyer Loans in Wayne County

Get matched with lenders serving Wayne County

Tell us what you need. We route one free request to lenders who cover Wayne County and nearby cities, and you choose who to hire.

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First Time Homebuyer Loans by city in Wayne County

Pick your city for first time homebuyer loans pros closest to you.

The job

What first time homebuyer loans usually includes

  • Review of which programs you qualify for
  • Check of MSHDA income and sales price limits for your address
  • Referral to required homebuyer education
  • Pre-approval letter covering the first mortgage and assistance
  • A Loan Estimate within three business days of your application
  • Explanation of how any assistance is repaid or forgiven
  • A Closing Disclosure at least three business days before closing
Price

What drives the cost of first time homebuyer loans in Wayne County

  • Loan program: FHA, conventional, VA, USDA or MSHDA
  • Credit score and debt-to-income ratio
  • Down payment and any assistance used
  • Mortgage insurance on low down payment loans
  • Seller credits toward closing costs
  • Repairs required by the appraisal on older homes
  • Points and lender charges
Compare quotes

How to compare first time homebuyer loans quotes

  • Ask each lender which first-time buyer programs it offers.
  • Include at least one MSHDA participating lender in your comparison.
  • Compare Loan Estimates with and without down payment assistance.
  • Ask how the assistance is repaid if you sell or refinance.
  • Check every loan officer on NMLS Consumer Access.

Other mortgage lender services in Wayne County

First Time Homebuyer Loans in other counties

First Time Homebuyer Loans in Wayne County: FAQ

For MSHDA's MI Home Loan, someone who has not owned a home in the past three years. Other programs may define it differently.
Ask lenders whether they participate in MSHDA programs and handle FHA and low down payment conventional loans, then compare Loan Estimates.
Program choice, credit score, down payment, mortgage insurance, assistance terms and lender charges. Rebuild Detroit does not quote rates.
Pick your city above to compare local lenders, starting with verified and claimed profiles, or send one free request and it goes to pros who serve your area.
Permits come from the city, village or township where the property sits, not the county. Your city page lists the building department.

Get first time homebuyer loans quotes in Wayne County

Free and local. Tell us about the job and pros who serve your city reach out.

Call (833) 313-2434