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Homebuyer Programs in Wyoming, MI (2026)

Population: 79,000 | Median home price: $255,000 | Est. closing costs: $5,000 - $7,500

Last updated April 10, 2026

Skyline of Wyoming, MI

Wyoming is located in Kent County in West Michigan, directly south of Grand Rapids, and is one of the largest cities in the state with a population of about 79,000 and a median home price around $255,000. Homebuyers in Wyoming benefit from strong state-level programs including the MSHDA MI 10K DPA Loan (up to $10,000), the MSHDA First-Generation Down Payment Assistance (up to $25,000 for qualifying first-generation buyers), and the HomeBoost Down Payment Assistance (up to $15,000 as a grant). Locally, the Kent HOME Consortium partners with nonprofits to build and sell affordable homes to households earning up to 80% of the Area Median Income, specifically serving Kent County outside Grand Rapids. Habitat for Humanity Kent County offers affordable homeownership with a 94% success rate, ICCF Community Homes Land Trust provides below-market homes for first-time buyers, and Lake Michigan Credit Union offers up to $10,000 in down payment assistance through its HomeAssist program. By combining state and local resources, Wyoming homebuyers can substantially reduce their out-of-pocket costs.

County Programs in Kent County

Kent HOME Consortium Homeownership Program
Type:
Government Property Sale Program
Amount:
Newly constructed or rehabilitated affordable homes sold below market value
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

Community West Credit Union Zero-Down Mortgage
Type:
Zero-Interest Loan
Amount:
Zero down payment required with no PMI
First-time only:
No
Habitat for Humanity Kent County Homeownership Program
Type:
Zero-Interest Loan
Amount:
Affordable mortgage based on ability to pay (housing costs not to exceed 35% of gross income)
First-time only:
No
ICCF Community Homes Land Trust
Type:
Government Property Sale Program
Amount:
Move-in-ready homes sold below market value through community land trust model
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, which vary by family size and county. Kent County income limits are available on the MSHDA website. Most state programs require a minimum credit score of 640.

Step 2:

Complete homebuyer education. Enroll in a HUD-approved or MSHDA-approved homebuyer education course. ICCF Community Homes in Grand Rapids offers homeownership education and financial counseling, and Habitat for Humanity Kent County also provides homebuyer education.

Step 3:

Explore local homeownership programs. Contact Kent HOME Consortium partners like ICCF Community Homes or LINC Up Nonprofit Housing Corporation about affordable homes available in Kent County outside Grand Rapids. Habitat Kent can be reached at (616) 774-2431.

Step 4:

Get pre-approved for a mortgage. Contact an MSHDA-approved lender to get pre-approved for an MI Home Loan, which qualifies you for the MI 10K DPA Loan and potentially the First-Generation DPA. Community West Credit Union offers a zero-down mortgage with no PMI for West Michigan buyers.

Step 5:

Apply for down payment assistance. Work with your MSHDA-approved lender to apply for the MI 10K DPA Loan or First-Generation DPA. If you qualify, also apply for Lake Michigan Credit Union's HomeAssist program which provides up to $10,000 in assistance. Contact Mario Leon at (616) 752-7636 for HomeAssist details.

Step 6:

Close on your home. Your lender will coordinate the DPA funds with your closing. Expect the process to take 30-60 days from accepted offer to closing.

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