MSHDA MI Home Loan

Michigan State Housing Development Authority

Available Down Payment

About This Program

MSHDA mortgage program offering down payment assistance and competitive interest rates for first-time homebuyers in Michigan. Includes second mortgage for down payment and closing costs that may be forgiven after 5 years.

Down payment assistance varies by program; typical grant/loan $7,500-$10,000

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

Key Details

  • Down payment assistance up to $10,000
  • For first-time homebuyers or non-owners for 3 years
  • Income and purchase price limits apply
  • Must complete homebuyer education course
  • Available through approved Michigan lenders

How to Apply

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

Deadline: Ongoing through approved lenders

Questions about this program?

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Need a Contractor for This Grant?

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

Find More Programs in East Grand Rapids, MI

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