MI Down Payment Assistance (MI Home Loan)
Run by Michigan State Housing Development Authority (MSHDA), a state agency
MSHDA's MI Home Loan offers first-time buyers competitive interest rates plus up to $10,000 in down payment assistance as a zero-interest, zero-monthly-payment second mortgage.
- Award
- Up to $10,000 down payment assistance
- Deadline
- Rolling
- Run by
- Michigan State Housing Development Authority (MSHDA)
- State
Who it's for
- MI first-time homebuyer (3-year rule)
- Income limits: $64,000–$90,000 depending on county
- Purchase price ≤$224,500 most areas
- 640+ credit score
Michigan State Housing Development Authority (MSHDA) decides who gets help.
How to apply
You apply on the program's own website. GrantLantern doesn't process applications. We link you straight to the source.
Apply at michigan.govOpens in a new tab. GrantLantern is not affiliated with this program.
MI Down Payment Assistance (MI Home Loan) is one option. What else may help?
Many households qualify for more than one program. Answer a few questions to see what else you may qualify for.
Check what I may qualify forFree. No account needed. Your answers are never sold or shared.
Where this comes from
Details are based on the program's official information. Michigan State Housing Development Authority (MSHDA) decides who is eligible, not GrantLantern. Check current requirements on their site before you apply.