See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 10, 2026
Homebuyer Programs in Independence Township, MI (2026)
Independence Township is a scenic community in Oakland County, Michigan, known for its lakes and parks, with a population of about 37,000 and a median home price around $430,000. While the township does not offer its own city-funded down payment assistance, buyers here benefit from the Oakland County Treasurer's Homebuyer Assistance Program providing a $5,000 grant, and the CHN Oakland County HOME Homebuyer Subsidy offering up to $25,000 as a zero-interest second mortgage. At the state level, MSHDA's HomeBoost program provides up to $15,000 as a grant and the MI 10K DPA Loan offers up to $10,000 as a zero-interest loan. Habitat for Humanity of Oakland County also serves local families. By combining county and state programs, eligible buyers could access over $40,000 in assistance.
County Programs in Oakland County
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Oakland County Treasurer Homebuyer Assistance Program | Grant | $5,000 grant | Yes | View → |
- Type:
- Grant
- Amount:
- $5,000 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 → |
- 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 of Oakland County Homeownership Program | Forgivable Loan | Below-market-price homes with affordable mortgage terms | No | 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 affordable mortgage terms
- 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. The Oakland County Treasurer's program requires household income at or below 120% AMI (currently $123,240) and a minimum $1,000 personal contribution. MSHDA programs require a minimum 640 credit score.
Step 2: Complete homebuyer education. Oakland County offers free HUD-approved housing counseling through their Neighborhood Housing Development Department at (248) 858-5402. OLHSA also provides homebuyer education in the Oakland County area.
Step 3: Contact a local housing partner. Reach out to the Oakland County Financial Empowerment Center for the Treasurer's grant program, or contact Habitat for Humanity of Oakland County at (248) 338-1843.
Step 4: Get pre-approved for a mortgage. For the Oakland County Treasurer's program, you must obtain financing through Independent Bank. For MSHDA programs, find an approved lender at the MSHDA website.
Step 5: Find a home within program limits. The MSHDA MI Home Loan has a purchase price limit of $544,233. The property must be within Oakland County for county-level programs.
Step 6: Submit your application. Apply for county and state programs through your lender and the respective program administrators.
Frequently Asked Questions
How much down payment assistance can I get in Independence Township?+−
Do I have to be a first-time homebuyer?+−
What is the maximum home price?+−
What homebuyer education is required?+−
What are the income limits?+−
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