MSHDA MI Home Loan

Overview

Michigan's flagship low-rate mortgage — pairs with the $10K Down Payment Assistance for stacked savings.

Detailed requirements

First-time buyer (or repeat buyer in targeted areas). Min credit score 640. Maximum sales price $264,000. Income limits vary by county/household size, generally $79,300–$145,800. Homebuyer education required. Must occupy as primary residence within 60 days.

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: Income limits vary by county and household size. Repeat buyers allowed in targeted areas. Sales price limit $264K statewide.