MSHDA $10,000 Down Payment Assistance
Michigan State Housing Development Authority
Up to $10,000 zero-interest deferred second mortgage
Overview
Up to $10,000 in down payment assistance — zero interest, no monthly payment, repaid only on sale/refinance.
Detailed requirements
Pairs with MSHDA MI Home Loan. Borrower contributes minimum 1% of sales price. DPA is a 0% interest, no-payment second mortgage due on sale/refinance/loss of owner-occupancy. Income and sales price limits match MI Home Loan.
Eligibility at a glance
- Max household income
- $145,000
- Min credit score
- 640
- Max purchase price
- $264,000
- Owner-occupied required
- Yes
- Homebuyer education required
- Yes
Note: Must pair with an MI Home Loan. Repaid when home is sold, refinanced, or no longer owner-occupied.
Ready to apply?
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Last verified 2026-09-02. Updated weekly. Always confirm details on the official program page before applying.