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Get Matched Free →Homebuyer Programs in Southfield, MI (2026)
Southfield is a diverse, well-established city in Oakland County just northwest of Detroit, with a population of about 76,000 and a median home price around $230,000. While Southfield does not currently offer a city-funded down payment assistance program, buyers here can take advantage of several strong state and county programs. The MSHDA MI 10K DPA Loan provides up to $10,000 as a zero-interest loan, the HomeBoost program offers grants up to $15,000 (up to $25,000 through some lenders), and the Oakland County Treasurer Homebuyer Assistance Program adds a $5,000 grant for first-time buyers. By stacking these programs, eligible Southfield homebuyers could receive $30,000 or more in combined assistance toward their purchase.
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 → |
| Oakland Housing Authority Homeownership Voucher Program | Grant | Monthly mortgage assistance (housing subsidy applied toward mortgage payment) | No | View → |
- Type:
- Grant
- Amount:
- $5,000 grant
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- Monthly mortgage assistance (housing subsidy applied toward mortgage payment)
- 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 → |
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | 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:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- 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 |
|---|---|---|---|---|
| Community Housing Network Homebuyer Education and Counseling | Grant | Free homebuyer education courses and one-on-one housing counseling | No | View → |
| Habitat for Humanity of Oakland County Homeownership Program | Forgivable Loan | Below-market-price homes with affordable mortgage terms | No | View → |
- Type:
- Grant
- Amount:
- Free homebuyer education courses and one-on-one housing counseling
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Below-market-price homes with affordable mortgage terms
- First-time only:
- No
How to Apply
Check your eligibility. Most programs require household income at or below 80% to 120% of the Area Median Income for Oakland County. The Oakland County Treasurer program sets the limit at 120% AMI ($123,240 for 2025). MSHDA programs have their own income and purchase price limits statewide.
Complete homebuyer education. This is required for most programs. Gesher Human Services, located at 29699 Southfield Road in Southfield, offers HUD-approved homebuyer education courses for $50 per household. Contact them at 248-233-4299 or financialhelp@geshermi.org. GreenPath Financial Wellness also offers free pre-purchase counseling at 844-477-6520.
Contact the Oakland County Treasurer's Office about the $5,000 Homebuyer Assistance Program grant. You must work with Independent Bank for the mortgage. Call 844-821-6178 to speak with a loan officer.
Apply for MSHDA down payment assistance. Contact an MSHDA-approved lender to apply for the MI 10K DPA Loan (up to $10,000) or the HomeBoost grant (up to $15,000). You can find approved lenders through the MSHDA website.
Get pre-approved for a mortgage. Work with your chosen lender to determine your budget and lock in your rate. Make sure your lender is approved for any DPA programs you plan to use.
Find a home in Southfield within program limits. The MSHDA statewide purchase price limit is $544,233. The median home price in Southfield is around $230,000, well within range.
Submit your applications and close. Your lender will coordinate the DPA funds with your mortgage. The Oakland County grant requires at least $1,000 in personal funds toward the purchase.