Investment limit are $20,one hundred thousand. You simply can’t convey more than simply $20,one hundred thousand inside savings and examining membership. That it excludes advancing years account such as for instance 401(k)s.
Discover a myth you to gets pressed doing. I believe it’s because of a misunderstanding of your system. At times, I will listen to home buyers and other agents declare that it can only get a home in a certain area if they’re using a great MSHDA loan.
That isn’t true. You can purchase a property around Michigan with the MSHDA loan.