POCKETGRANTS

Your matches

6 grants. 8 loan programs. MI.

Up to $89,501 in stackable grant benefit.

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Grants 6Loans 8
MIgrantOptimal match

FHLBank Indianapolis HomeBoost Down Payment Assistance

Federal Home Loan Bank of Indianapolis (via member banks and credit unions)

If your parents never owned a home, this is the biggest grant in Michigan: up to $25,000 through participating banks and credit unions.

Up to $25,000 grant for first-generation, first-time buyers

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Why you qualify

  • First-time buyer requirement met.
  • Income of $60,000 is under the ~$73,920 (120% of area median income, MI (statewide estimate), household of 1) limit.
Oakland CountygrantOptimal match

Oakland County Homebuyer Assistance Program

Oakland County Treasurer (with Independent Bank)

A straightforward $5,000 grant for first-time buyers anywhere in Oakland County, with a generous 120% AMI income limit.

$5,000 grant per household for down payment and closing costs

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Why you qualify

  • First-time buyer requirement met.
  • Income of $60,000 is under the ~$73,920 (120% of area median income, MI (statewide estimate), household of 1) limit.
MIgrantGreat match

Flagstar Gift Program

Flagstar Bank

Flagstar gifts your 3% down payment outright, so you can close with little or no cash out of pocket.

3% of the purchase price gifted for the down payment, up to $7,500

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Why you qualify

  • First-time buyer requirement met.
FederalgrantGreat match

HUD Dollar Homes

U.S. Department of Housing and Urban Development (HUD)

HUD-owned homes sold for $1 to local governments for resale to low-income families.

$1 home purchase price for qualifying buyers

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Why you qualify

  • Open to first-time and repeat buyers.
MItax creditGreat match

MSHDA Mortgage Credit Certificate (MCC)

Michigan State Housing Development Authority

Not a one-time grant but a raise: 20% of your mortgage interest comes back as a federal tax credit every year you own the home, up to $2,000.

Federal tax credit worth 20% of mortgage interest, up to $2,000 every year for the life of the loan

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Why you qualify

  • First-time buyer requirement met.
Wayne Countyforgivable loanGreat match

Wayne County Neighborhood Stabilization Program

Wayne County, Michigan

Up to $50K forgivable DPA — but only for Wayne County NSP inventory homes.

Up to $50,000 forgivable DPA on NSP-acquired homes

ApplyDetails

Why you qualify

  • Open to first-time and repeat buyers.
  • Income of $60,000 is under the ~$73,920 (120% of area median income, MI (statewide estimate), household of 1) limit.
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