MSHDA Down Payment Assistance

For many low-to-moderate income homebuyers and persons with disabilities, saving money for a down payment can be a challenge.  Michigan State Housing Development Authority (MSHDA) has programs to help you buy your dream home sooner.

PROGRAM HIGHLIGHTS
  • Zero-interest, non-amortizing loan with no monthly payments.
  • Maximum assistance is $7,500.
  • Available with MSHDA's FHA and Rural Development 
  • Funds may be used for down payment, closing costs, prepaid/escrow expenses and a home inspection performed by a licensed home inspector.
  • The loan is due upon sale or transfer of the property or if the first mortgage is refinanced or paid in full.


Application Process:

Click here for a list of MSHDA participating lenders.

 


Contact Information:
Name: Michigan State Housing Development Authority
Address: 735 E. Michigan Ave., Lansing, MI 48912
Phone: (517) 373-6840
Email:
MSHDA Down Payment Assistance Website
Michigan State Housing Development Authority: Agency Page, Website