Michigan Step Forward Down Payment Assistance

Michigan State Housing Development Authority (MSHDA)

Available Down Payment

About This Program

MSHDA provides down payment and closing cost assistance to first-time homebuyers in Michigan with income up to established limits. Available as 0% interest forgivable loan (forgiven after 5 years) or 1% interest loan with no forgiveness.

Loan is forgivable after 5 years if you remain in home

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

Key Details

  • Up to $7,500 for down payment and closing costs
  • First-time homebuyers in Michigan
  • Income limits vary by county and household size
  • Forgivable after 5 years or 1% interest option
  • Must complete homebuyer education course

How to Apply

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

Deadline: Ongoing, subject to funding

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