See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 10, 2026
Homebuyer Programs in Chesterfield Township, MI (2026)
Chesterfield Township is a suburban community in Macomb County in southeast Michigan, located along the shores of Lake St. Clair north of Detroit. With a median home price around $310,000, the township offers a mix of newer developments and established neighborhoods. While Chesterfield Township does not currently offer a city-funded down payment assistance program, buyers can access the Macomb Community Action IDA Homebuyer Program offering up to $4,000 in matched savings, and the LMCU HomeAssist program providing up to $10,000 for qualifying first-time buyers. Habitat for Humanity of Macomb County also provides affordable homeownership opportunities. Combined with MSHDA state programs offering up to $10,000 through the MI 10K DPA Loan and up to $25,000 through the First-Generation DPA, Chesterfield Township buyers can stack meaningful assistance toward their purchase.
County Programs in Macomb County
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Macomb Community Action IDA Homebuyer Program | Grant | Up to $4,000 ($1,000 savings matched 3:1) | No | View → |
- Type:
- Grant
- Amount:
- Up to $4,000 ($1,000 savings matched 3:1)
- First-time only:
- No
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 → |
| 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:
- 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 Macomb County Homeownership Program | Forgivable Loan | Below-market-price homes with 25-year affordable mortgage; $1,000 down payment required | Yes | View → |
| LMCU HomeAssist Down Payment Assistance | Zero-Interest Loan | Up to $10,000 (up to $15,000 in targeted areas) | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- Below-market-price homes with 25-year affordable mortgage; $1,000 down payment required
- First-time only:
- Yes
- Type:
- Zero-Interest Loan
- Amount:
- Up to $10,000 (up to $15,000 in targeted areas)
- First-time only:
- Yes
How to Apply
Step 1: Check your eligibility. MSHDA programs require household income within county-specific limits and a minimum credit score of 640. The Macomb Community Action IDA program requires a working adult employed at least 30 hours per week and a child under 18 in the home.
Step 2: Complete homebuyer education. Macomb Community Action at 586-469-5656 offers budgeting classes and homeowner training sessions as part of their IDA program. Habitat for Humanity of Macomb County also provides homebuyer education for their program participants.
Step 3: Get pre-approved for a mortgage. Work with an MSHDA-approved lender to access the MI Home Loan with up to $10,000 in DPA. For the LMCU HomeAssist program, contact Lake Michigan Credit Union directly.
Step 4: Apply for assistance programs. For the Macomb Community Action IDA program (up to $4,000 matched savings), contact Macomb Community Action at 586-469-5656 or email Housing@macombgov.org. For MSHDA programs, your approved lender will handle the DPA application.
Step 5: Find a home in Chesterfield Township. Work with your real estate agent to find a home within MSHDA purchase price limits ($544,233 statewide as of 2026).
Step 6: Close on your home. Your lender will coordinate the assistance funds at closing. The IDA program requires three years of matched savings, so plan ahead.
Frequently Asked Questions
How much down payment assistance can I get in Chesterfield Township?+−
Do I have to be a first-time homebuyer to qualify?+−
What is the maximum home price I can purchase with assistance?+−
What homebuyer education is required?+−
How does the IDA matched savings program work?+−
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