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Get Matched Free →Homebuyer Programs in Canton, MI (2026)
Canton is a thriving township in Wayne County, Michigan, consistently ranked among the best places to live in the state with a population of approximately 99,000. With a median home price around $390,000, Canton sits above the state average, making down payment assistance especially valuable for buyers here. Michigan's MSHDA programs are the strongest options available, including the HomeBoost grant of up to $25,000, the MI 10K DPA zero-interest loan, and the First-Generation DPA offering up to $25,000 for first-generation buyers. Locally, the National Faith Homebuyers Wayne County DPA provides a $13,999 forgivable loan for eligible buyers purchasing homes under $219,000, and Habitat for Humanity of Western Wayne County serves the Canton area with homeownership programs and up to $12,000 in assistance. By combining state and local resources, Canton homebuyers could potentially access over $35,000 in total assistance.
County Programs in Wayne County
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| National Faith Homebuyers Wayne County DPA | Forgivable Loan | $13,999 | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- $13,999
- 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 → |
- Type:
- Grant
- Amount:
- Up to $15,000 (up to $25,000 through some participating lenders)
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- Up to $25,000
- First-time only:
- Yes
- 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 → |
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | 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 → |
- 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
- Type:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- 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
- 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
- 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
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- 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 |
|---|---|---|---|---|
| Habitat for Humanity of Western Wayne County Homeownership Program | Forgivable Loan | Up to $12,000 in down payment and closing cost assistance for partner families | No | View → |
- Type:
- Forgivable Loan
- Amount:
- Up to $12,000 in down payment and closing cost assistance for partner families
- First-time only:
- No
How to Apply
Check your eligibility. Review income limits for MSHDA programs, which vary by household size. For Wayne County, limits are set by HUD and can be found on the MSHDA website. The National Faith Homebuyers program requires income at or below 80% of Area Median Income.
Complete homebuyer education. This is required for most programs. Wayne Metro Community Action Agency offers HUD-approved homebuyer education courses. You can also contact Michigan State University Extension for their MI Money Health homebuyer education program.
Contact a participating lender. MSHDA programs require working with an approved MI Home Loan lender. Find a participating lender through the MSHDA website to get pre-approved and discuss which DPA programs you qualify for.
Explore local nonprofit options. Contact Habitat for Humanity of Western Wayne County to learn about their homeownership program and application cycles. For the National Faith Homebuyers Wayne County DPA, reach out to National Faith Homebuyers directly to check current funding availability.
Get pre-approved for a mortgage. Work with your MSHDA-approved lender to determine your maximum purchase price and which DPA programs to stack together for the best assistance package.
Find a home within program limits. Note that some programs have purchase price caps. The MSHDA statewide sales price limit is $544,233. The National Faith program caps at $219,000, which is below Canton's median price, so this program works best for lower-priced properties.
Submit your applications and close. Your lender will coordinate the DPA applications alongside your mortgage. Plan for a closing timeline of 30 to 60 days depending on program requirements.