KALAMAZOO, MI (WKZO AM/FM) – The Kalamazoo’s County Treasurer’s Office is launching a unique program that officials say will make buying a home a reality for more area residents.
Under the new local grant program, eligible homebuyers in Kalamazoo County can receive $5,000 from the county to help with their down payment or closing costs, along with up to an extra $2,000 from Independent Bank toward closing expenses.
The program aims to increase access to homeownership for individuals and families who may not have sufficient funds to purchase a home. Funds will be available on a first-come, first-served basis until they run out.
“This collaboration helps break down barriers to homeownership and builds a stronger community,” said Thomas L. Whitener, Kalamazoo County Treasurer. “We’re proud to partner with Independent Bank to help more Kalamazoo County residents find stable housing and start building generational wealth.”
To qualify, applicants must meet the following requirements:
- The property must be a primary residence located in Kalamazoo County, Michigan.
- Applicants must have a household income at or below 120% of the county’s Area Median Income (AMI), based on household size.
- A minimum borrower contribution of $1,000 is required.
- Participants must complete pre-purchase homebuyer counseling before closing.
- Independent Bank must provide financing.
Reports from earlier this year show that Kalamazoo County incomes have increased by 19% since 2019, while housing prices have risen by 46%. Independent Bank officials says finding affordable housing remains difficult for low- and moderate-income households.
Eligible borrowers can combine this grant with other homebuyer assistance programs to maximize affordability. According to U.S. Census and Michigan Association of Realtors data, median home prices in Kalamazoo County have increased by over 30% since 2020, making down payment assistance a critical tool for first-time and moderate-income buyers.
To learn more or apply, visit IndependentBank.com/KalamazooCountyTreasurer or contact a local Independent Bank loan officer.





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