Down payment assistance

Down payment assistance in Michigan

1 program can help buyers in Michigan with a down payment and closing costs. Most are for first-time buyers with moderate incomes and are used with a participating lender.

Check which programs fit your situationDown payment assistance finder

MI 10K DPA Loan

Open · Deferred loan

Up to $10,000

An interest-free second mortgage with no monthly payments, usable for down payment, closing costs and prepaid expenses. It is not forgiven: repayment is due when the first mortgage is paid off, the home is sold or refinanced, or it stops being owner-occupied. Must be combined with a MSHDA MI Home Loan first mortgage.

Who qualifies: Available statewide. First-time buyers (no home owned in the previous three years) statewide; repeat buyers only in targeted areas. Household income limits by family size and location. Sales price limit $566,355 statewide (after June 1, 2026). Minimum credit score 640. Homebuyer education certificate required for all buyers. Apply through a MSHDA-approved lender.

Michigan State Housing Development Authority · Agency website → · Checked 2026-09-30

How assistance usually works

Most programs are a second loan with no monthly payment that is forgiven over time or repaid when you sell or refinance, and some are grants. You usually need a program first mortgage from a participating lender, a homebuyer education course and income under the program’s limit. Apply before you make offers, so your pre-approval reflects the help.

More for Michigan

Michigan closing costs Michigan property taxes Where can I afford to buy in Michigan?Down payment timeline

Programs change often; confirm the details with the agency.