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MSHDA MI 10K Down Payment Assistance (DPA) Program

Michigan State Housing Development Authority offers the MI 10K Down Payment Assistance (DPA) Program to first-time buyers in Michigan: up to $10,000, as a deferred loan.

Amount
Up to $10,000
Kind of help
Deferred loan
First-time buyers only
Yes, but repeat buyers qualify in targeted areas
Homebuyer course
Required

Deferred loan: 0% loan. You repay it when you sell, refinance, pay off your main home loan or stop living in the home.

A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.

Who qualifies for MSHDA MI 10K Down Payment Assistance (DPA) Program?

  • For buyers with low and moderate incomes.
  • First-time buyers only: yes, but repeat buyers qualify in targeted areas.
  • A homebuyer education course before you buy.
  • It comes with a MSHDA MI Home Loan.

Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.

How to apply for MSHDA MI 10K Down Payment Assistance (DPA) Program

  1. Michigan State Housing Development Authority pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
  2. The lender checks your income, credit and the home against the program's rules and reserves the money for you.
  3. The help is paid at closing, toward your down payment and closing costs.

Read the full rules and whether it is taking applications on Michigan State Housing Development Authority's page for the MI 10K Down Payment Assistance (DPA) Program.

Ask a lender about MSHDA MI 10K Down Payment Assistance (DPA) Program

Tell us where you're buying and a lender that works with Michigan's programs can tell you whether MSHDA MI 10K Down Payment Assistance (DPA) Program fits you, and what you could combine with it.

Call 866-602-7460

Rather not call? Send your details and the lender will reach you.

When you send this request, you agree that one mortgage lender who works with these programs may contact you by email, phone or text, including by automated means, about this request. Agreeing is not a condition of any purchase. We are an independent guide, not a lender or a government agency; only that one lender gets your details, and it may pay us for the introduction. See our about page and privacy notice.

More help for buyers in Michigan

All Michigan first-time home buyer programs · Down payment assistance in every state