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Home Restoration and Acquisition Program

The Liberty Bank Home Restoration and Acquisition Program (HRAP) is a new non-traditional mortgage loan that will allow a homebuyer to finance 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:
  • Occupy the home as primary residence
  • If purchased from the Land Bank's auction http://buildingdetroit.org/) comply with requirements
  • Successfully complete a homebuyer's education program
To register for homebuyer's education please contact one of the following local HUD-certified housing counseling agencies:

LOCAL HUD-CERTIFIED HOUSING COUNSELING AGENCIES

U-SNAP-BAC
14901 E. Warren Detroit, MI 48224
Phone: 313-640-1100
http://www.usnapbac.org/

    SOUTHWEST ECONOMIC SOLUTIONS
    2835 Bagley, Ste. 800, Detroit, MI 48216-1435
    Phone: 313-841-9641
    http://www.swsol.org/

      CENTRAL DETROIT CHRISTIAN
      8840 Second Avenue Detroit, MI 48202
      Phone: 313-873-0064
      http://centraldetroitchristian.org/

      Frequently Asked Questions

      For More Information contact the Detroit Office of Liberty Bank Today!!
      Telephone: (313) 818-0232
      Fax: (313) 873-6395

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