What is the Michigan First-Time Home Buyer Savings Program?

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What is the Michigan First-Time Home Buyer Savings Program?

The Michigan First-Time Home Buyer Savings Program was created to assist first-time home buyers with the purchase of their Michigan principal residence. Accounts created in connection with the First-Time Home Buyer Savings Program may be used for the payment or reimbursement of eligible costs for the purchase of a single-family residence in Michigan by a qualified beneficiary designated on the account.