Down payment help for Michigan buyers
Michigan State Housing Development Authority
The state's housing finance agency. For a Detroit buyer, its best-known help is up to $10,000 toward the down payment.
MSHDADown payment help
Pay to the order of a Michigan homebuyer
$10,000
Memo MI 10K DPA: no interest, no monthly payment
How to reach MSHDA
- Also
- 735 E. Michigan Ave, Lansing, MI 48909
- Phone
- 1-855-646-7432
- Serves
- Michigan
- Help
- Up to $10,000 toward the down payment
- Where
- Available statewide
- Phone
- 1-855-MI-MSHDA
Programs
- MI 10K DPA Up to $10,000 toward the down payment, closing costs or prepaid costs, as a loan with no interest and no monthly payment, repaid when the first mortgage is paid off, the home is sold or refinanced, or it stops being the owner's home. It must be paired with a MSHDA MI Home Loan.
- MI Home Loan MSHDA's first mortgage, made through participating Michigan lenders, banks and credit unions.
How to get started
- 1 Take homebuyer education The MI 10K DPA needs a certificate of completion.
- 2 Talk to a MSHDA lender Apply through a participating lender, bank or credit union.
- 3 Pair the loans The down payment help comes with a MSHDA MI Home Loan.
Questions people ask
How much is MSHDA's down payment help?
Up to $10,000 through the MI 10K DPA, with no interest and no monthly payment, paired with a MSHDA MI Home Loan.
Do I have to pay it back?
Yes, when the first mortgage is paid off, the home is sold or refinanced, or it is no longer your home.
Other offices Detroiters call
- Public authority Detroit Land Bank Authority
- County office Wayne County Treasurer
- Public housing agency Detroit Housing Commission
- City utility Detroit Water and Sewerage Department
- Electric and gas utility DTE Energy
- Community action agency Wayne Metropolitan Community Action Agency
- City department Buildings, Safety Engineering and Environmental Department
- Statewide notice system MISS DIG 811
- State licensing bureau Michigan Bureau of Construction Codes