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Homebuyer Programs in Meridian Township, MI (2026)

Population: 43,916 | Median home price: $330,000 | Est. closing costs: $6,500 - $10,000

Last updated April 10, 2026

Skyline of Meridian Township, MI

Meridian Township is a growing community in Ingham County, Michigan, part of the greater Lansing metro area, with a population of nearly 44,000 and a median home price around $330,000. While the township does not offer its own city-funded down payment assistance, buyers here benefit from the strong Ingham County Down Payment Assistance Program, which provides up to $30,000 as a forgivable loan. At the state level, MSHDA's HomeBoost program offers up to $15,000 as a grant and the MI 10K DPA Loan provides up to $10,000 as a zero-interest loan. Capital Area Housing Partnership and Habitat for Humanity Capital Region also serve Meridian Township buyers with additional homebuyer resources. By combining county and state programs, eligible buyers could access over $40,000 in total assistance toward their home purchase.

County Programs in Ingham County

Ingham County Down Payment Assistance Program
Type:
Forgivable Loan
Amount:
Up to $30,000
First-time only:
No

State Programs in Michigan

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

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
FHLBA Community Partners Product
Type:
Forgivable Loan
Amount:
Up to $20,000 in home purchase assistance for down payment and closing costs
First-time only:
No
FHLBA First Time Homebuyer Product
Type:
Forgivable Loan
Amount:
Up to $17,500 in home purchase assistance for down payment and closing costs
First-time only:
Yes
FHLBA Workforce Housing Plus+
Type:
Forgivable Loan
Amount:
Up to $15,000 in home purchase assistance for down payment and closing costs
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

Capital Area Housing Partnership Homebuyer Programs
Type:
Grant
Amount:
Homebuyer education, financial counseling, and down payment assistance coordination
First-time only:
No
Habitat for Humanity Capital Region Homeownership Program
Type:
Forgivable Loan
Amount:
Below-market-price homes with affordable mortgage terms
First-time only:
No
LMCU HomeAssist Down Payment Assistance
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 Ingham County DPA program requires household income at or below 80% of the Area Median Income (up to $80,650 for a four-person household), liquid assets under $30,000, and a minimum $1,000 personal contribution toward the purchase.

Step 2:

Complete homebuyer education. All applicants must complete a HUD-approved homebuyer education course. Capital Area Housing Partnership at (517) 332-4663 offers courses locally and administers several assistance programs in the area.

Step 3:

Contact a local housing partner. Reach out to Capital Area Housing Partnership at (517) 332-4663 or housing@capitalareahousing.org for guidance on available programs and next steps. Habitat for Humanity Capital Region also serves Ingham County buyers.

Step 4:

Get pre-approved for a mortgage. Find an MSHDA-approved lender or contact a participating lender for the Ingham County DPA program. 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. Ensure the property is within Ingham County for the county DPA program. You must have a signed purchase agreement to apply for county DPA funds.

Step 6:

Submit your application. Your lender will assist you in applying for the Ingham County DPA funds during the mortgage process. The loan is forgiven after 7 years of owner-occupancy.

Frequently Asked Questions

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