Skip to content
Purchase Mortgage Loan
Get Pre-Approved

First-time home buyer programs in Comstock Park, MI

Quick answer

First-time buyers in Comstock Park, MI can use 3%-down conventional loans (up to the $832,750 Kent County conforming limit), 3.5%-down FHA, or VA and USDA where eligible, plus 1 verified city, county or statewide assistance program. On the $216,600 median home, 3% down is about $6,498 and the estimated payment is $1,835/month at 7.18%.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $54,871; value-to-income ratio 3.95. Comstock Park ranks 44 by home value and 99 by population among 102 places in our MI dataset.

What does a first-time buyer loan cost on a typical Comstock Park home?

ItemComstock Park
Median home value (Census ACS)$216,600
Michigan median home value$217,600
Down payment (3%)$6,498
Loan amount$210,102
Estimated monthly payment (PITI + MI)$1,835
Income needed (28% / 36%)$79,000 / $62,000
Kent County 2026 conforming limit (1 unit)$832,750
Max purchase price at the limit$858,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Michigan's 1.28% effective property tax rate (Census ACS), $1,110/yr homeowners insurance (NAIC state average) and an estimated 0.5% PMI.

What is the 2026 conforming loan limit in Comstock Park?

Comstock Park is in Kent County. Conventional 3%-down loans go up to the $832,750 conforming limit (price ≈ $858,000); FHA loans go up to $541,287.

The Comstock Park median home value of $216,600 is 0% below the Michigan median, and within what the county limit supports.

Which down payment assistance programs can Comstock Park buyers use?

First-time buyer loans in nearby cities

NorthviewWalkerGrand RapidsEast Grand RapidsGrandvilleWyoming

First-time buyer loan FAQs for Comstock Park

On the $216,600 median: 3% conventional ≈ $6,498, 3.5% FHA ≈ $7,581, and 0% for eligible VA or USDA buyers. Conventional loans above $832,750 in Kent County become jumbo loans.

At the $216,600 median value (close to the Michigan median of $217,600), the estimated payment of $1,835/month at 7.18% needs about $79,000 a year under the 28% housing guideline, or $62,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 1 statewide programs are verified for this city (1 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

Get matched with First-time buyer lenders in Comstock Park

Answer a few quick questions and get matched with purchase mortgage lenders in your area. Free, and it won't affect your credit score.

Get My Matches

Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.