MSHDA MI Home Loan Down Payment Assistance

Michigan State Housing Development Authority

Available Down Payment

About This Program

Statewide down payment assistance paired with low-interest mortgage for first-time homebuyers. DPA is a second loan at 0% interest, deferred for 10 years or until home is sold. Must use MSHDA-approved lender.

Second mortgage at 0% interest, deferred payment for 10 years

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

Key Details

  • Up to $10,000 or 3.5% of purchase price
  • Second mortgage at 0% interest
  • Payment deferred for 10 years
  • Must use MSHDA-approved lender
  • Income and purchase price limits apply

How to Apply

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

Deadline: Ongoing 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.

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