Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

HOP Down Payment Assistance- use Anywhere in Michigan!
Have you or your clients been stressed that down payment assistance went away in September?! Stress no longer! It is true that seller funded down payment assistance went away, but seller funded down payment assistance was only one kind of "DPA". I am sure that it had its place and was used often enough, however, in five years of doing loans, I never used seller funded DPA, not even once! Why?! Because I am the Queen of finding my income qualifying clients down payment grants from City http://activerain.com/blogsview/834247/City-of-Grand-Rapids-Down-Payment-Assistance-Program-we-CAN-make-it-work, Non-profit, or Bank grant programs, grants that don't result in the increasing of sales price (which can be really tough to get by underwriting in our declining Michigan market).
So, let me tell you about HOP Funds. HOP (Home Ownership Program) Funds come from the Federal Home Loan Bank, and they get assigned to different banks. We just so happen to be fortunate that one of our bank partners gets enough funds to pass around. Some might think it is incredible that a bank would allow a broker to use these funds that they could keep in house. It is pretty incredible, but I think their mindset is, better to use them than lose them!
Key ... more

__________________________________________________
Are you on The Rain? Grow Your Network!