See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 10, 2026
Homebuyer Programs in Holland, MI (2026)
Holland is a vibrant lakeside city in Ottawa County, Michigan, with a population of about 34,500 and a median home price around $280,000. While the city does not offer its own city-funded down payment assistance, buyers can benefit from state-level MSHDA programs including the HomeBoost program providing up to $15,000 as a grant and the MI 10K DPA Loan offering up to $10,000 as a zero-interest loan. Lakeshore Habitat for Humanity serves Holland and the surrounding area with affordable homeownership opportunities, and the Lake Michigan Credit Union HomeAssist program provides up to $10,000 in assistance. By combining state programs, eligible Holland buyers could access up to $25,000 in total assistance.
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 |
|---|---|---|---|---|
| Lakeshore Habitat for Humanity Homeownership Program | Repayable Loan | Affordable mortgage with no profit; $4,000 down payment required at closing | No | View → |
| LMCU HomeAssist Down Payment Assistance | Zero-Interest Loan | Up to $10,000 (up to $15,000 in targeted areas) | Yes | View → |
- Type:
- Repayable Loan
- Amount:
- Affordable mortgage with no profit; $4,000 down payment required at closing
- First-time only:
- No
- 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 published limits and a minimum 640 credit score. Lakeshore Habitat for Humanity requires 12 months of residency in Ottawa or Allegan counties.
Step 2: Complete homebuyer education. All programs require a HUD-approved homebuyer education course. Lakeshore Habitat for Humanity includes required financial classes as part of their program.
Step 3: Contact a local housing partner. Reach out to Lakeshore Habitat for Humanity at (616) 399-7006 at 12727 Riley St, Holland, MI 49424. They serve the greater Holland and Zeeland area with affordable homeownership.
Step 4: Get pre-approved for a mortgage. Find an MSHDA-approved lender at the MSHDA website. Lake Michigan Credit Union also offers the HomeAssist program with up to $10,000 in assistance.
Step 5: Find a home within program limits. The MSHDA MI Home Loan has a purchase price limit of $544,233.
Step 6: Submit your application. Apply for MSHDA assistance through your approved lender. For Habitat, applicants must save $4,000 for a down payment by closing and complete sweat equity hours.
Frequently Asked Questions
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