Are you thinking about a buying a home outside of the city?  Did you know there is an 100% loan called RD or Rural development loan from the United State Department of Agriculture?  I have been using this loan more and more...............and it can be combined with a MSHDA loan as well. 

The appraisal will be similar to a FHA appraisal, and it will only finance modular homes if they are new, but all other homes in their target area could qualify.

Even though this is a 100 percent loan, you will still have closing cost and pre-paids, but many times this will/can be paid by the seller.  However I still recommend to have $1,000.00 in the bank for earnest money and or any additional fee's that may accrue, just to be safe.

There are income limits as well.  So I refer you to the RD web siteto get more information.  You can check your eligibility and even check to see if an address of a home qualifies for location.  Very user friendly website!

You can also apply for a loan on this site as well, however my experience is go through a lender instead of going directly through them, it goes smoother and you have somebody work for you to get it done.

Some of the area's it applies to in Kent County but not limited to is:

Cedar Springs

Rockford

Calendonia

Belding

Lowell

Allendale

Walker

Worth your time to check this out...................as you can save your money for improvements.  However a good question to ask is, if you use this loan can you still qualify for the tax credit?  If anyone knows can you post the answer here. please?