See programs you qualify for

By Tyler Thompson · Licensed Real Estate Agent · Updated April 10, 2026

Homebuyer Programs in Taylor, MI (2026)

Population: 62,405 | Median home price: $180,000 | Est. closing costs: $3,500 - $5,500

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 →

Taylor Home Down Payment Assistance Program

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 →

National Faith Homebuyers Wayne County DPA

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 →

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

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 →

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

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

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 →

Habitat for Humanity of Western Wayne County Homeownership Program

Type:: Forgivable Loan
Amount:: Up to $12,000 in down payment and closing cost assistance for partner families
First-time only:: No

Wayne Metro Community Action Agency Homebuyer Program

Type:: Forgivable Loan
Amount:: Up to $7,500
First-time only:: Yes

Free eligibility check

14 programs available in Taylor. See which ones you qualify for.

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How to Apply

Step 1: 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.

Step 2: 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.

Step 3: 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.

Step 4: 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.

Step 5: 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.

Step 6: 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.

Frequently Asked Questions

How much down payment assistance can I get in Taylor?+

Taylor homebuyers can access multiple programs. The Taylor Home Down Payment Assistance Program offers up to $40,000 in forgivable assistance. The National Faith Homebuyers Wayne County DPA provides $13,999 as a forgivable loan. The Wayne Metro Community Action Agency offers up to $7,500 in forgivable assistance. Additionally, the MSHDA MI Home Loan includes up to $10,000 in down payment help. By stacking these programs, eligible buyers could receive substantial assistance toward their home purchase.

Do I have to be a first-time homebuyer to qualify?+

Most local programs in Taylor require first-time homebuyer status, defined as not having owned a home in the past three years. The MSHDA MI Home Loan is available to first-time buyers statewide and repeat buyers in targeted areas. The Habitat for Humanity of Western Wayne County program also requires first-time buyer status.

What is the maximum home price I can pay?+

The Taylor Home Down Payment Assistance Program and Wayne County DPA do not publish a fixed purchase price cap, but the home must meet Housing Quality Standards and city building codes. MSHDA programs have purchase price limits that vary by county. Contact National Faith Homebuyers at (313) 255-9500 or an MSHDA-approved lender for current limits in Wayne County.

What homebuyer education is required?+

The Taylor DPA program requires completion of a homebuyer education course through National Faith Homebuyers. Wayne Metro Community Action Agency at (313) 388-9799 also offers free HUD-approved housing counseling and education workshops covering budgeting, credit, and the home buying process. MSHDA programs require a HUD-approved homebuyer education course as well.

How long do I have to stay in the home to keep the assistance?+

The Taylor Home Down Payment Assistance Program and the Wayne County DPA both require five years of owner-occupancy for the loan to be fully forgiven. During this period you cannot sell or refinance the home, except when refinancing results in a lower mortgage payment. If you sell or move out before five years, you must repay the assistance.