Which Financial Institutions may be used to create a First-Time Home Buyer Savings Account?

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Which Financial Institutions may be used to create a First-Time Home Buyer Savings Account?

A first-time home buyer savings account can be established at any bank, trust company, savings institution, industrial loan association, consumer finance company, credit union, benefit association, insurance company, safe deposit company, money market mutual fund, broker, or other similar entity that is authorized to do business in Michigan.