Michigan

Michigan offers $10K for downpayment for first-time homebuyers

Published

3 years ago

May 12, 2022

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Michigan offers K for downpayment for first-time homebuyers

The way to get $10K in down fee help in Michigan

In the event you need assistance shopping for a house, there are alternatives to get you the cash.

SOUTHFIELD, Mich. (FOX 2) – Anybody who’s out there for a house is aware of the battle of attempting to get the best place. It is a robust time to be a house purchaser, particularly when you’re out there in your first house. However the state of Michigan is providing as much as $10,000 to assist new patrons get their foot within the door.

It wasn’t that way back that, when you drove by most neighborhoods, you’d see not less than one ‘on the market’ signal. Occasions have modified. Based on Realtor.com, stock is down about 60% in comparison with the place it was firstly of the pandemic. Meaning for each 5 properties that have been accessible two years in the past, that quantity is down to 2.

Realtor John Goci explains that it could be a vendor’s market however patrons are going to search out it actually onerous.

“I’m a father of two youngsters who’re within the house shopping for market as they’re graduating faculty. There are simply not any properties. You’ve gotten a scarcity of properties. You’ve gotten greater rates of interest, patrons are simply caught in a tricky place,” Goci mentioned.

Discovering a dream house can really feel unattainable when dozens of bidders bounce in and rates of interest climb to the very best its been in twenty years.

The Michigan State Housing Improvement Authority (MSHDA) helps homebuyers discover reasonably priced mortgage choices. Spokesperson Eric Dusenbury mentioned it may take lot of persistence, particularly as spring is right here.

“Perseverance, preparation for people getting in is without doubt one of the key issues folks want to bear in mind,” Dusenbury mentioned. “It’s a bit bit just like the calm earlier than the storm. When the climate breaks right here, issues actually sort of breakout.”

To assist, the state of Michigan presents help to extend your downpayment. The MI $10K Downpayment Help Program offers eligible patrons as much as $7,500 in loans in most locations and as much as $10,000 in sure zip codes.

There are a number of standards to qualify:

You have to meet the county’s family revenue restrict
Residence sale worth should be decrease than $224,500
Minimal credit score rating of 640

Dusenberry says MSHDA is attempting to extend the house buy restrict by the summer time.

Since 2019, Michigan house values have skyrocketed. In April 2019, the common worth of a house was $169K. It is now $231K.

Dusenbury says their company helps 2,700 folks annually however can at all times help extra.

“When you concentrate on the standard house purchaser, they’re going by their realtors, their lenders many occasions. So we give attention to these teams. We do a number of outreach. We proceed training courses for realtor teams to teach them on our applications,” he mentioned.

To be taught extra details about this system and to see when you qualify, take a look at the MSHDA’s web site right here.

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Michigan

Saturday’s state basketball: Nelson scores 32 as Eastern Michigan edges Northern Illinois

Published

4 hours ago

January 4, 2025

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Saturday’s state basketball: Nelson scores 32 as Eastern Michigan edges Northern Illinois

Associated Press
| The Detroit News

Ypsilanti — Da’Sean Nelson scored 32 points as Eastern Michigan beat Northern Illinois 75-71 on Saturday.

Nelson also added nine rebounds for the Eagles (7-6, 1-0 Mid-American Conference). Jalin Billingsley added 15 points while shooting 5 of 7 from the field and 4 for 8 from the line and had five rebounds. Christian Henry had 13 points and shot 5 for 10, including 1 for 4 from beyond the arc.

James Dent Jr. led the way for the Huskies (4-9, 0-1) with 15 points, eight rebounds and four assists. Northern Illinois also got 14 points and six rebounds from Ethan Butler. Quaran McPherson also put up 12 points.

Nelson’s 16-point second half helped Eastern Michigan close out the four-point victory.

Both teams play on Tuesday. Eastern Michigan visits Toledo and Northern Illinois hosts Kent State.

More state games

▶Robert Morris 79, (at) Oakland 71: Kam Woods had 29 points, shot 9 of 15 from the field, including 3 for 4 from 3-point range, and went 8 for 10 from the line for the Colonials (10-6, 2-3 Horizon League). Josh Omojafo scored 15 points, going 3 of 9 and 8 of 8 from the free-throw line. Alvaro Folgueiras had 11 points and shot 4 of 5 from the field and 2 for 3 from the line.

Tuburu Niavalurua finished with 18 points, 10 rebounds and three steals for the Golden Grizzlies (5-11, 2-3). Allen David Mukeba Jr. added 13 points, six rebounds and three blocks for Oakland. Malcolm Christie finished with 11 points.

▶Milwaukee 64, (at) Detroit Mercy 56: AJ McKee had 14 points, and added six rebounds for the Panthers (11-5, 4-1 Horizon League). Themus Fulks scored 14 points while going 3 of 10 and 8 of 10 from the free-throw line and added five rebounds. Jamichael Stillwell had 11 points and shot 4 of 12 from the field, including 0 for 3 from 3-point range, and went 3 for 5 from the line.

Orlando Lovejoy led the Titans (6-11, 2-4) in scoring, finishing with 20 points, 10 rebounds and five assists.

▶Toledo 76, (at) Western Michigan 70: Sonny Wilson scored 20 points in a Mid-American Conference opener. Wilson had seven rebounds and five assists for the Rockets (7-6, 1-0 Mid-American Conference). Sam Lewis scored 14 points and added 10 rebounds and three blocks. Andre Lorentsson shot 3 for 9, including 2 for 7 from beyond the arc to finish with 10 points.

The Broncos (3-10, 0-1) were led in scoring by Chansey Willis Jr., who finished with 21 points and seven assists. Western Michigan also got 13 points and seven rebounds from Javaughn Hannah. Owen Lobsinger also had 11 points, 13 rebounds and two steals. The loss is the sixth straight for the Broncos.

Wilson scored 11 points in the first half for Toledo, who led 35-33 at halftime. Toledo turned a one-point second-half lead into an eight-point advantage with a 7-0 run to make it a 52-44 lead with 9:45 left in the half. Lewis scored 10 second-half points in the victory.

More men’s results

Arizona 72, Cincinnati 67

Ashland 72, Malone 61

Calvin 68, St. Norbert 52

Davenport 73, Michigan Tech 71, OT

Ferris St. 91, Wayne St. (Mich.) 81

Hillsdale 75, Lake Erie 72

Lake Superior St. 73, Saginaw Valley St. 44

N. Michigan 78, Grand Valley St. 70

Thomas More Saints 73, Northwood 57

State women’s results

Ball St. 72, Cent. Michigan 61

Miami (Ohio) 57, W. Michigan 51

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Michigan

Michigan’s nostalgic vintage arcade, museum locking its doors after this weekend

Published

16 hours ago

January 4, 2025

Press Room

Michigan’s nostalgic vintage arcade, museum locking its doors after this weekend

FARMINGTON HILLS, MI – This is one of those places which gives you all the feels.

One of Michigan’s most nostalgic spots is locking its doors this Sunday night after being located in the same spot for decades. It will soon be located elsewhere.

Marvin’s Marvelous Mechanical Museum has been a destination and attraction at a strip mall on Orchard Lake at 14 Mile in Farmington Hills since 1990.

The part arcade, part museum will be demolished to make way for other developments.

Marvin’s owner, Jeremy Yagoda, said he vowed this would not be the end of what his father Marvin, who passed way in 2017, started.

After Marvin’s closes this Sunday evening, relocation will soon begin to the Orchard Mall on the NE corner of Maple and Orchard Lake Road in West Bloomfield.

Yagoda says it is expected to take a few months to make the move to the new building which will expand the museum from 5,300 sq. ft. to around 14,000 sq. ft.

“We will take a couple days to relax before we start the move,” Yagoda wrote on Facebook. “I do not have a date for the reopening yet as the build out will take some time. Sad to leave Farmington Hills as the whole city has been MARVELOUS, but this was the best location we found. Time to start the next chapter for MMMM.”

Marvin’s will be open on Saturday from 10:00 a.m. – 11:00 p.m. and on Sunday from 11:00 a.m. – 9:00 p.m.

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Michigan

Zapala scores season-high 15 points as No. 18 Michigan State holds off Ohio State 69-62

Published

24 hours ago

January 4, 2025

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Zapala scores season-high 15 points as No. 18 Michigan State holds off Ohio State 69-62

COLUMBUS, Ohio — Szymon Zapala scored a season-high 15 points and No. 18 Michigan State made 8 of 10 free throws to hold off Ohio State 69-62 on Friday night for its third straight win to start Big Ten play.

Zapala fueled a 12-0 run to build a 14-point lead for the Spartans (12-2, 3-0). However, the Buckeyes rallied as John Mobley Jr. hit a 3 and Bruce Thornton followed with a jumper with 8:47 left to go up, 50-49.

Ohio State (9-5, 1-2) then committed turnovers on three straight possessions. After Thornton’s second turnover in under a minute Xavier Booker drove the length of the floor for a three-point play. Tre Holloman drilled a 3 and Booker dunked to give Michigan State a 57-50 lead. Micah Parrish hit two 3-pointers and Mobley added a third, but the Spartans finished hitting 8 of 10 from the line.

Jaden Akins was 5 for 6 from the free-throw line, hitting 3 of 4 in the final minute, to finish with 14 points for Michigan State. Coen Carr was 7 for 8 at the line and added 11 points. Jaxon Kohler grabbed 10 rebounds.

Parrish was 3 of 6 from 3-point range and finished with 13 points to lead Ohio State. Thornton finished with 10 points.