In Collaboration With
The DLBA is pleased to collaborate with Quicken Loans and The Home Depot ® in the Rehabbed & Ready program.
How The Program Works
Detroit Land Bank Authority (DLBA) selects properties in their inventory, and the selected Contractor rehabs the homes.
To make the buying process even easier, Quicken Loans will preapprove interested buyers for mortgage financing. With a preapproval you'll know how much loan financing you'll have to work with before making an offer.
Each home is listed for sale on the DLBA website under the Rehabbed & Ready program's listings page as well as Realcomp.
Offers must be submitted with a signed purchase agreement, including proof of ability to pay, to the DLBA and can move into their home as soon as the sale closes. No discounts apply.
Ownership Is Affordable
Here are some examples of what your mortgage payments could be.
|ACCEPTED OFFER||3.5% DOWN PAYMENT||INTEREST RATE||30-YEAR APR||MONTHLY PAYMENT|
Based on a FICO of 620. Payment includes estimated taxes, private mortgage insurance, and homeowners insurance. The actual payment amount will be greater. Rates can change daily. Subject to credit approval. Restrictions may apply.