Our Mission
We empower Black families to build generational wealth through homeownership starting with $0 down solutions, lease-to-own homes, and financial education in Detroit’s fastest-growing housing market.
Why It Matters
Institutional Exclusion
From 1935 onward, FHA underwriting manuals formally classified African-American neighborhoods as “hazardous,” steering private lenders away and denying Black families access to insured mortgages—redlining that sent fewer than 2 percent of all FHA-insured loans to non-Whites between 1945–1959 en.wikipedia.orgen.wikipedia.org.
Wealth‐Gap Driver
A Brandeis Institute on Assets and Social Policy study found that disparities in homeownership are the single most important factor driving the racial wealth gap—far outpacing income, education, or inheritance en.wikipedia.org.
Zero‐Wealth Projection
If current trends continue, median Black household net worth in America is on track to hit $0 by 2053—underscoring the urgency of equitable homeownership solutions ips-dc.org.
Local Opportunity
Detroit’s average home price climbed 72 percent—from $46,586 in March 2020 to $80,127 in October 2024—making it the second‐fastestappreciating market in the nation. In America’s largest Black‐majority city, this surge presents a generational‐wealth opportunity long denied by past policy mortgagecalculator.org.
Phase 1: Empower 100 Families
(Through December 2026)
$0-Down Financing
Zero Down Mortgage Assistance covers both down payments and closing costs to eliminate upfront barriers.
Lease-to-Buy Homes
In partnership with Caring Hands, we develop and renovate single-family homes, placing buyers on a lease-to-buy path that builds equity from Day 1.
Homebuyer Education
Intensive workshops on credit repair, budgeting, and navigating every step of the mortgage process.
Goal: 100 Detroit households in their own homes ready to capture appreciation and build lasting community wealth.
Phase 2:
Based on Phase 1 outcomes and community feedback, we will define funding needs, cohort size, and refinements for our next rollout.
Ready to Own Your Own Home now
With No Down Payment?
Powered by Swift Home Loans
255 S Old Woodward Ave, Suite 300, Birmingham, MI 48009
Zero Down Mortgage is a marketing brand of Swift Home Loans (NMLS #2075228). All loan applications are originated by Swift Home Loans under its licensing and compliance framework.