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Get Matched Free →MSHDA MI 10K DPA Loan
Funding status: Active
How much assistance
Up to $10,000
No monthly payments. Due upon sale, transfer, refinance, or payoff of the first mortgage.
Eligibility
- Income limits: Varies by county and household size. Ranges from $91,200 to $174,720 depending on location.
- Purchase price limit: $544,233
- First-time buyer required: Yes — First-time homebuyers statewide and repeat homebuyers in targeted areas.
- Credit score minimum: 640
- Geographic restrictions: Available statewide in all 83 Michigan counties.
- Homebuyer education required: Yes
How to Apply for MSHDA MI 10K DPA Loan
Work with a MSHDA-approved lender who will process the MI Home Loan first mortgage and the MI 10K DPA second mortgage together. Complete a homebuyer education course from an MSHDA-approved or HUD-approved agency in Michigan. Maximum liquid assets of $7,500 (excluding retirement accounts). Minimum borrower contribution of 1% of the purchase price.
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Cities Where This Program Is Available (51 cities across 1 state)
Michigan (51 cities)
- Ann Arbor, MI
- Battle Creek, MI
- Bay City, MI
- Canton, MI
- Chesterfield Township, MI
- Clinton Township, MI
- Commerce Township, MI
- Dearborn, MI
- Dearborn Heights, MI
- Delta Township, MI
- Detroit, MI
- East Lansing, MI
- Eastpointe, MI
- Farmington Hills, MI
- Flint, MI
- Georgetown Township, MI
- Grand Rapids, MI
- Holland, MI
- Independence Township, MI
- Jackson, MI
- Kalamazoo, MI
- Kentwood, MI
- Lansing, MI
- Lincoln Park, MI
- Livonia, MI
- Macomb Township, MI
- Meridian Township, MI
- Midland, MI
- Muskegon, MI
- Novi, MI
- Orion Township, MI
- Pittsfield Township, MI
- Pontiac, MI
- Portage, MI
- Redford, MI
- Rochester Hills, MI
- Roseville, MI
- Royal Oak, MI
- Saginaw, MI
- Shelby Township, MI
- Southfield, MI
- St. Clair Shores, MI
- Sterling Heights, MI
- Taylor, MI
- Troy, MI
- Warren, MI
- Waterford, MI
- West Bloomfield, MI
- Westland, MI
- Wyoming, MI
- Ypsilanti Township, MI