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The Liberty Bank Home Restoration and Acquisition Program (HRAP) is a new non-traditional mortgage loan that will allow a home buyer to finance the acquisition and any required repairs or renovations to
their home being purchased in Hardest Hit Priority Neighborhoods in the City of Detroit.
Take advantage of exciting program features such as:
Financing your Acquisition & Renovation of a Home in Detroit
Low Down Payments
Flexible Underwriting
Down Payment Assistance available up to $15,000 for qualified borrowers
Qualified Borrowers must:
1. Occupy the home as primary residence
2. If purchased from the Land Bank’s auction (http://buildingdetroit.org)
3. Successfully complete a home buyer’s education program