Michigan STEP Forward Down Payment Assistance

Michigan State Housing Development Authority

Available Down Payment

About This Program

Provides down payment assistance for first-time homebuyers in Michigan purchasing in target areas. Forgivable loan of up to $7,500 or 10% of purchase price. Must be combined with an MSHDA first mortgage and complete homebuyer education.

Forgivable loan for down payment and closing costs

Key Details

  • Up to $7,500 or 10% of purchase price
  • For first-time homebuyers in target areas
  • Must combine with MSHDA first mortgage
  • Homebuyer education required
  • Forgivable after loan payoff or 30 years

How to Apply

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

Deadline: Ongoing through participating lenders

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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