Michigan Down Payment Assistance Programs
Comprehensive guide to Michigan DPA programs through Michigan State Housing Development Authority (MSHDA). Get up to Up to $10,000 or 7,500 to help with your down payment and closing costs.
Michigan DPA Programs
Michigan State Housing Development Authority (MSHDA) offers multiple down payment assistance programs to help Michigan homebuyers achieve homeownership with reduced upfront costs.
Provides down payment and closing cost assistance as a second mortgage with no monthly payments.
Additional assistance for eligible buyers with funds that can cover down payment and closing costs.
| Program | Type | Amount | Forgiveness |
|---|---|---|---|
| MI Home Loan | Deferred Loan | Up to $10,000 or 7,500 | N/A |
| Down Payment Assistance | Forgivable Loan | Up to $7,500 | 5 years |
Eligibility Requirements
To qualify for Michigan down payment assistance programs, you typically need to meet these requirements:
- First-time homebuyer or haven't owned in 3 years
- Minimum credit score of 640
- Property must be in Michigan and primary residence
- Meet income and purchase price limits
- Complete homebuyer education
How to Apply for Michigan DPA Programs
Follow these steps to access Michigan down payment assistance programs through duPont Lending
Get Pre-Qualified
Complete our quick online application to determine your eligibility and loan options.
Choose Your Program
Work with your loan officer to select the best Michigan DPA program for your situation.
Complete Education
Complete required homebuyer education course (we'll guide you to approved providers).
Close on Your Home
Finalize your loan with down payment assistance applied, reducing your upfront costs.
Ready to Access Michigan Down Payment Assistance?
Get pre-qualified in minutes and discover which Michigan DPA programs you qualify for. Our experienced team will guide you through every step of the process.
Official Michigan Resources
For more information about Michigan down payment assistance programs
Michigan State Housing Development Authority (MSHDA)
Official state housing finance agency administering DPA programs in Michigan
Visit Official WebsiteNeed help navigating Michigan DPA programs? Our team specializes in down payment assistance and can help you determine which program is best for your situation.
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