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Get Matched Free →Homebuyer Programs in Taylor, MI (2026)
Taylor is a city of about 62,000 residents in Wayne County, part of the metro Detroit area in southeastern Michigan. With a median home price around $180,000, Taylor offers some of the most affordable homeownership opportunities in the region. Buyers here can access the Taylor Home Down Payment Assistance Program, which provides up to $40,000 in forgivable assistance funded through federal HOME dollars. Additional help is available through the National Faith Homebuyers Wayne County DPA program offering $13,999 in forgivable loans, the Wayne Metro Community Action Agency Homebuyer Program with up to $7,500, and statewide MSHDA programs including the MI Home Loan with up to $10,000 in down payment assistance. By combining city, county, and state programs, Taylor homebuyers can potentially stack tens of thousands of dollars in assistance toward their purchase.
City Programs in Taylor
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Taylor Home Down Payment Assistance Program | Forgivable Loan | Up to $40,000 | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- Up to $40,000
- First-time only:
- Yes
County Programs in Wayne County
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| National Faith Homebuyers Wayne County DPA | Forgivable Loan | $13,999 | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- $13,999
- 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 → |
| 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 |
|---|---|---|---|---|
| Habitat for Humanity of Western Wayne County Homeownership Program | Forgivable Loan | Up to $12,000 in down payment and closing cost assistance for partner families | No | View → |
| Wayne Metro Community Action Agency Homebuyer Program | Forgivable Loan | Up to $7,500 | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- Up to $12,000 in down payment and closing cost assistance for partner families
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $7,500
- First-time only:
- Yes
How to Apply
Check your eligibility. Most programs in Taylor require household income at or below 80% of the area median income for Wayne County. You must also be a first-time homebuyer, meaning you have not owned a home in the past three years.
Complete homebuyer education. Contact National Faith Homebuyers at (313) 255-9500 to enroll in their required homebuyer education course. Wayne Metro Community Action Agency at (313) 388-9799 also offers HUD-approved housing counseling.
Contact a local housing partner. Reach out to National Faith Homebuyers to start the Taylor Home Down Payment Assistance application. They administer both the city program and the Wayne County DPA program.
Get pre-approved for a mortgage. Work with an MSHDA-approved lender to qualify for the MI Home Loan, which can be combined with local down payment assistance programs.
Find a home within program limits. The home must be located in Taylor, pass a Housing Quality Standards inspection, and meet city building codes. You must contribute at least $1,000 of your own funds toward the transaction.
Submit your application and close. Your housing counselor will help coordinate the down payment assistance with your mortgage lender. The assistance is structured as a forgivable loan with a lien on the property for five years.