See programs you qualify for

By Tyler Thompson · Licensed Real Estate Agent · Updated April 10, 2026

Homebuyer Programs in Ann Arbor, MI (2026)

Population: 123,349 | Median home price: $450,000 | Est. closing costs: $9,000 - $13,500

Ann Arbor is a vibrant college city in southeastern Michigan, home to the University of Michigan and a strong local economy that drives median home prices to around $450,000. First-time buyers can access the MSHDA MI 10K DPA Loan for up to $10,000 in zero-interest down payment assistance, and the HomeBoost Down Payment Assistance grant for up to $15,000. Locally, Bank of Ann Arbor offers an additional $3,000 grant on top of MSHDA assistance, and Washtenaw County runs its own homebuyer assistance program. The Ann Arbor Community Land Trust sells newly built homes at $125,000 to $300,000, well below market rate. By stacking state and local programs, buyers in Ann Arbor can potentially receive over $25,000 in combined assistance toward their home purchase.

City Programs in Ann Arbor

Program Name	Type	Amount	First-Time Only	Details
Ann Arbor Housing Commission HCV Homeownership Program	Grant	Housing Choice Voucher subsidy applied toward mortgage payments	No	View →
Bank of Ann Arbor Housing Assistance Program	Grant	Up to $3,000 grant plus up to $7,500 zero-interest loan via MSHDA	Yes	View →

Ann Arbor Housing Commission HCV Homeownership Program

Type:: Grant
Amount:: Housing Choice Voucher subsidy applied toward mortgage payments
First-time only:: No

Bank of Ann Arbor Housing Assistance Program

Type:: Grant
Amount:: Up to $3,000 grant plus up to $7,500 zero-interest loan via MSHDA
First-time only:: Yes

County Programs in Washtenaw County

Program Name	Type	Amount	First-Time Only	Details
Washtenaw County Homebuyer Assistance Program	Grant	—	Yes	View →

Washtenaw County Homebuyer Assistance Program

Type:: Grant
First-time only:: Yes

State Programs in Michigan

Program Name	Type	Amount	First-Time Only	Details
HomeBoost Down Payment Assistance	Grant	Up to $15,000 (up to $25,000 through some participating lenders)	Yes	View →
MSHDA First-Generation Down Payment Assistance	Deferred Loan	Up to $25,000	Yes	View →
MSHDA MI 10K DPA Loan	Zero-Interest Loan	Up to $10,000	Yes	View →

HomeBoost Down Payment Assistance

Type:: Grant
Amount:: Up to $15,000 (up to $25,000 through some participating lenders)
First-time only:: Yes

MSHDA First-Generation Down Payment Assistance

Type:: Deferred Loan
Amount:: Up to $25,000
First-time only:: Yes

MSHDA MI 10K DPA Loan

Type:: Zero-Interest Loan
Amount:: Up to $10,000
First-time only:: Yes

Federal Programs

Program Name	Type	Amount	First-Time Only	Details
FHA Loans	Government-Insured Mortgage	Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)	No	View →
Good Neighbor Next Door (HUD)	Government Property Sale Program	50% discount off the list price of HUD-owned homes	Yes	View →
Home Possible Mortgage (Freddie Mac)	Government-Guaranteed Mortgage	Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment	No	View →
HomeReady Mortgage (Fannie Mae)	Government-Guaranteed Mortgage	Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment	No	View →
HUD $100 Down Program	FHA-Financed HUD REO Purchase	Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.	No	View →
USDA Rural Development Loans	Government-Guaranteed Mortgage	100% financing (no down payment required); loan amount up to appraised value	No	View →
VA Loans	Government-Guaranteed Mortgage	No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)	No	View →

FHA Loans

Type:: Government-Insured Mortgage
Amount:: Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
First-time only:: No

Good Neighbor Next Door (HUD)

Type:: Government Property Sale Program
Amount:: 50% discount off the list price of HUD-owned homes
First-time only:: Yes

Home Possible Mortgage (Freddie Mac)

Type:: Government-Guaranteed Mortgage
Amount:: Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
First-time only:: No

HomeReady Mortgage (Fannie Mae)

Type:: Government-Guaranteed Mortgage
Amount:: Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
First-time only:: No

HUD $100 Down Program

Type:: FHA-Financed HUD REO Purchase
Amount:: Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
First-time only:: No

USDA Rural Development Loans

Type:: Government-Guaranteed Mortgage
Amount:: 100% financing (no down payment required); loan amount up to appraised value
First-time only:: No

VA Loans

Type:: Government-Guaranteed Mortgage
Amount:: No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
First-time only:: No

Nonprofit Programs

Program Name	Type	Amount	First-Time Only	Details
Ann Arbor Community Land Trust Homeownership Program	Forgivable Loan	Homes priced between $125,000 and $300,000, significantly below market rate	No	View →
Habitat for Humanity of Huron Valley Homeownership Program	Forgivable Loan	Below-market-price homes; buyers provide minimum $1,000 down payment	No	View →

Ann Arbor Community Land Trust Homeownership Program

Type:: Forgivable Loan
Amount:: Homes priced between $125,000 and $300,000, significantly below market rate
First-time only:: No

Habitat for Humanity of Huron Valley Homeownership Program

Type:: Forgivable Loan
Amount:: Below-market-price homes; buyers provide minimum $1,000 down payment
First-time only:: No

Free eligibility check

15 programs available in Ann Arbor. See which ones you qualify for.

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How to Apply

Step 1: Check your eligibility. Review MSHDA income limits for Washtenaw County and confirm you meet first-time homebuyer requirements for the programs you're interested in.

Step 2: Complete homebuyer education. Enroll in a HUD-approved course through Michigan State University Extension Service in Ann Arbor at 734-997-1678, or complete Fannie Mae's free online HomeView course.

Step 3: Contact a local housing partner. Reach out to Washtenaw County Office of Community and Economic Development or Bank of Ann Arbor to discuss available down payment assistance options.

Step 4: Get pre-approved for a mortgage. Work with a MSHDA-approved lender to get pre-approved for an MI Home Loan, which qualifies you for the MI 10K DPA Loan and HomeBoost grant.

Step 5: Explore the Ann Arbor Community Land Trust. If you qualify based on income, sign up for the A2CLT Buyer List at a2clt.org to be notified when below-market homes become available.

Step 6: Find a home within program limits. Search for homes that meet MSHDA purchase price requirements and any additional program guidelines.

Step 7: Submit your application. Work with your lender and housing counselor to complete all DPA applications. Allow 30-60 days for processing alongside your mortgage.

Frequently Asked Questions

How much down payment assistance can I get in Ann Arbor?+

Ann Arbor buyers can stack multiple programs. The MSHDA MI 10K DPA Loan provides up to $10,000 as a zero-interest loan. The HomeBoost Down Payment Assistance grant offers up to $15,000. Bank of Ann Arbor adds a $3,000 grant on top of MSHDA assistance. Combined, you could receive over $25,000 in assistance. Additionally, federal programs like FHA loans require as little as 3.5% down.

Do I have to be a first-time homebuyer to qualify?+

Most programs require first-time buyer status, meaning you have not owned a home in the past three years. However, repeat buyers may qualify for MSHDA programs if purchasing in a targeted area. The Ann Arbor Community Land Trust and Habitat for Humanity of Huron Valley do not strictly require first-time buyer status, though income limits apply.

What is the maximum home price I can purchase with assistance?+

MSHDA sets purchase price limits that vary by county and are updated periodically. For Washtenaw County, check current limits at michigan.gov/mshda. The Ann Arbor Community Land Trust offers homes priced between $125,000 and $300,000, which is well below the Ann Arbor median of $450,000.

What homebuyer education is required?+

Most programs require completion of a HUD-approved homebuyer education course. In Ann Arbor, Michigan State University Extension Service offers courses at their office on N. Zeeb Road and can be reached at 734-997-1678. Fannie Mae HomeView is a free online option accepted by most programs.

What are the income limits for Ann Arbor homebuyer programs?+

Income limits vary by program and household size. MSHDA programs use area median income thresholds for Washtenaw County. Habitat for Humanity of Huron Valley requires household income between 30-80% of area median income. The Ann Arbor Community Land Trust has its own income and job eligibility guidelines. Contact each program directly for the most current income limits.

Are there affordable homeownership options in Ann Arbor?+

Yes. The Ann Arbor Community Land Trust offers newly built 2-3 bedroom homes priced between $125,000 and $300,000 using a shared equity model. Habitat for Humanity of Huron Valley builds homes for families earning 30-80% of area median income. Both programs make homeownership accessible despite Ann Arbor's high median home price of $450,000.