What does $200,000 buy in Detroit?

Willys Overland Lofts Unit 306

The model home at Willys Overland Lofts is now available for sale. Features include hardwood floors throughout, GE Profile stainless steel appliances, granite countertops, exposed brick, concrete ceilings, spacious walk-in closet, spacious balcony and spectacular views of the downtown skyline.

Buyer’s may qualify for $20,000 in down payment assistance from the Michigan State Housing Development Authority (MSHDA). National City Bank also has a 1.5% below prime mortgage program for qualified buyers at Willys Overland.

Bedroom

Living Room

Willys Overland Lofts

• Address: 444 West Willis
• Price: $223,900
• Square Footage: 1,196
• Bedrooms: 1
• Bathrooms: 1
• Tax Status: NEZ Approved
• Year Built: 1917

For additional information on this loft or to view other available properties, contact:

Austin Black II | Max Broock Realtors | 313.550.2307 | austin@citylivingdetroit.com

Willys Overland announces new pricing! $20,000 MSHDA down payment assistance available

Willys Overland Model

The developer at Willys Overland Lofts has recently reduced prices on select homes. Lofts at the development are now competitive with similar development projects in the area.

Willys Overland is one of the most unique true loft developments in metro Detroit. Purchasers have the opportunity to work with the developer’s architect to craft a unique living space. As a result, no two units are alike.

In addition to new pricing, the Michigan State Housing Development Authority (MSHDA) has allocated five $20,000 down payment assistance loans (0% interest) available for units priced under $225,000 (Contact a MSHDA lender to get additional details on the program). Currently one person is in the application process for the grant, leaving four left. With the new pricing, 37 units at Willys Overland are within the price rage to qualify for the program.

Willys Overland Lofts

If that wasn’t enough, National City Bank (the primary lender for the project) offers the NCHAMP mortgage which allows qualified purchasers get a 30 year fixed mortgage with a 1.5% below market interest rate.

Unit 105 | 1,448 sq ft | $182,900 – private garden area

Unit 201 | 1,015 sq ft | $116,900

Unit 110 | 1,077 sq ft | $179,900 – private garden area

The above units are listed by:

Austin Black II | Max Broock Realtors | 313.550.2307 | austin@citylivingdetroit.com

MSHDA Offers $20,000 Down Payment Assistance for Willys Overland Lofts

The Michigan State Housing Development Authority (MSHDA) is now offering $20,000 in down payment assistance for qualifying home buyers at Willys Overland Lofts in Midtown Detroit. 37 lofts at Willys Overland qualify for the program. Currently, there are 5 $20,000 grants available.

For more information, contact Austin Black II, austin@citylivingdetroit.com or 313.550.2307.

$7,500 Down Payment Assistance Now Available from MSHDA

The Michigan State Housing Development Authority (MSHDA) has just announced a new down payment assistance program that will allow qualifying home buyers to get up to $7,500 in interest free loans. Funds can be used towards down payment, closing costs, prepaid and property tax escrows. The loan does not have to be repaid until the property is sold, refinanced or the first mortgage has been paid off.

In order to qualify for this program, the purchase prices of the home can not exceed $224,500 and there are income restrictions based on the location of the home and household size.

The incentives to buy a home have never been better! When combining the $8,000 First Time Home Buyer Income Tax Credit,  the $7,500 MSHDA down payment assistance, historical low interest rates and low home prices, it is truly a buyer’s market.