First-Time Home Buyer Specialists in Burton, MI
Directory of first-time home buyer specialists in Burton, Michigan. Verify credentials with the state state mortgage licensing authority before hiring.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Michigan before hiring.
Showing 7 first-time home buyer specialists in Burton, MI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
A first-time home buyer specialist in Burton Michigan can guide you through the process of purchasing your first home. Michigan offers specific programs like the MSHDA loan which provides down payment assistance for eligible buyers. A specialist helps you understand local market conditions in Genesee County and navigate the unique requirements of Michigan real estate transactions.
What Does a First-Time Home Buyer Specialist in Burton Cost?
Typical costs for first-time home buyer specialist services in Michigan include a real estate agent commission which is usually paid by the seller. Mortgage origination fees range from 0.5% to 1% of the loan amount. Down payment assistance programs may have administrative fees of $250 to $500. Closing costs in Michigan average 2% to 5% of the purchase price. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What is a first-time home buyer specialist in Burton?
A first-time home buyer specialist is a real estate agent or mortgage professional who focuses on helping people buy their first home. They understand Michigan first-time buyer programs like MSHDA and the SONYMA loan options. They also know local Burton neighborhoods and school districts.
What Michigan programs help first-time home buyers in Burton?
Michigan State Housing Development Authority (MSHDA) offers fixed-rate mortgages with down payment assistance up to $10,000 for eligible buyers. The Michigan Down Payment Assistance program provides a 0% interest forgivable loan. Buyers must complete a home buyer education course approved by MSHDA.
How do I qualify for first-time home buyer assistance in Michigan?
You generally must not have owned a home in the past three years. Income limits apply based on county and household size. For Genesee County the income limit for a 1-2 person household is around $85,000. You also need a minimum credit score of 640 for most MSHDA programs.