MSHDA MI Home Loan Down Payment Assistance

Michigan State Housing Development Authority

Available Down Payment

About This Program

Down payment assistance for first-time homebuyers purchasing in Michigan. Offers either $7,500 forgivable loan or $10,000 with 10-year repayment. Must complete homebuyer education and meet income limits.

Maximum assistance amount with 10-year repayment option

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Up to $10,000 down payment assistance
  • Option 1: $7,500 forgivable in 5 years
  • Option 2: $10,000 with 10-year repayment
  • Must complete homebuyer education course
  • Available through MSHDA-participating lenders

How to Apply

A grant-savvy contractor in Clawson, MI can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Year-round through participating lenders

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Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

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