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MIforgivable loanpaused
Step Forward Down Payment Assistance
Michigan Homeowner Assistance Fund / MSHDA
Up to $25,000 forgivable down payment assistance (when funded)
Overview
Up to $25K in forgivable DPA in qualified Michigan communities — check funding availability.
Detailed requirements
First-time buyer. Income ≤80% AMI. Forgiven over 5 years. Funding is cyclical — not always open. Targeted at specific communities. Pairs with MSHDA mortgage products.
Eligibility at a glance
- First-time buyer required
- Yes
- Max income (% AMI)
- 80%
- Owner-occupied required
- Yes
- Homebuyer education required
- Yes
Note: Funding cycles — check current availability. Forgiven over 5-year retention period.
Ready to apply?
A free grant specialist walks you through eligibility and the official application in one short call.
Last verified 2026-09-02. Updated weekly. Always confirm details on the official program page before applying.