A home purchased in Michigan.
LANSING — Michigan is helping provide lower interest rates to first-time homebuyers in eight cities.
About 300 individual or families in Detroit, Grand Rapids, Flint, Pontiac, Saginaw, Battle Creek, Benton Harbor, and Jackson can take advantage of a program announced Friday.
First-time homebuyers who meet eligibility requirements can get a 3.125 percent mortgage interest rate without down payment assistance. If they need help with their down payment, the interest rate is 3.625 percent.