MI Home Loan

  • What It Offers: Available to first-time homebuyers statewide and repeat homebuyers in targeted areas. Provides down payment assistance up to $10,000.
  • Eligibility: Household income limits apply, varying by family size and property location. The sales price limit is $224,500 statewide. A minimum credit score of 640 is required (660 for multiple-section manufactured homes).
  • Website: Michigan State Housing Development Authority