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Homebuyer Programs in Shelby Township, MI (2026)

Population: 80,000 | Median home price: $480,000 | Est. closing costs: $9,500 - $14,500

Last updated April 10, 2026

Skyline of Shelby Township, MI

Shelby Township is a growing suburban community in Macomb County, Michigan, located in the northern Detroit metro area with a population of about 80,000 and a median home price around $480,000. While Shelby Township does not currently offer a city-funded down payment assistance program, buyers here can access several county, state, and nonprofit programs. The MSHDA MI 10K DPA Loan provides up to $10,000, and the HomeBoost Down Payment Assistance program offers up to $15,000. The Macomb Community Action IDA Homebuyer Program provides up to $4,000 through a matched savings plan for families with children. The LMCU HomeAssist program offers up to $10,000 in down payment and closing cost assistance. Habitat for Humanity of Macomb County also provides affordable homeownership opportunities in the area. By combining state and county programs, eligible Shelby Township homebuyers could access over $20,000 in combined assistance.

County Programs in Macomb County

Macomb Community Action IDA Homebuyer Program
Type:
Grant
Amount:
Up to $4,000 ($1,000 savings matched 3:1)
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

Habitat for Humanity Macomb County Homeownership Program
Type:
Forgivable Loan
Amount:
Below-market-price homes with 25-year affordable mortgage; $1,000 down payment required
First-time only:
Yes
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. Review income limits for MSHDA programs and the Macomb Community Action IDA program. Most programs require a minimum credit score of 640. The IDA program requires a working adult employed at least 30 hours per week for 90 days and a child under 18 in the home.

Step 2:

Complete homebuyer education. Macomb Community Action offers budgeting classes and homeowner training sessions as part of the IDA program. Jewish Vocational Service also offers certified homebuyer education counseling for Macomb County residents.

Step 3:

Connect with a MSHDA-approved lender. An MSHDA-approved lender can help you apply for the MI Home Loan with up to $10,000 in DPA or the HomeBoost program offering up to $15,000. Call MSHDA at 517-373-8370 for a list of participating lenders.

Step 4:

Explore the Macomb Community Action IDA program. If you have a child under 18 and meet income guidelines, this matched savings program can provide up to $4,000 toward your down payment. Contact Christina Stepowski at 586-469-7378 for details.

Step 5:

Get pre-approved for a mortgage. Work with your chosen lender to get pre-approved, which will determine your purchase price range and confirm which programs you qualify for.

Step 6:

Find a home in Shelby Township. Search for properties that meet program requirements. Your real estate agent can help identify qualifying homes within your budget.

Step 7:

Submit your applications and close. Your lender will coordinate DPA applications alongside your mortgage. Plan for a closing timeline of 30 to 60 days.

Frequently Asked Questions

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