Funding, Layering & Use of Funds

What can the borrower’s $1,000 contribution be used for?

It can be applied toward eligible homebuyer costs, such as earnest money deposit, appraisal, or inspections.
 

Can the $1,000 come from gift funds?

Yes, subject to lender guidelines and documentation requirements.

an buyers receive cash back at closing?

Yes, up to the documented cost of the visual lead inspection, not to exceed $1,000. Funds must be used toward eligible transaction cost s.

Can Detroit DPA be layered with other programs?

Yes—with approved programs, as long as total assistance aligns with program rules and lien positioning requirements.
 

Will the City allow additional lien positions (e.g., 3rd lien)?

Yes, for MSHDA down payment assistance programs. For other programs, documentation for the layered program will be required and reviewed case-by-case for decision.