Michigan homebuyers can access up to $10,000 in down payment assistance through the Michigan State Housing Development Authority (MSHDA). On the state's $237,491 median home price, that covers roughly 21% of a standard 20% down payment.
Primary Program: MSHDA Down Payment Assistance (DPA)
maximum assistance
0% interest, no monthly payments. Repaid when you sell, refinance, or pay off the first mortgage.
- Administering Agency
- Michigan State Housing Development Authority (MSHDA)
- Purchase Price Cap
- $481,176
How Down Payment Assistance Works
Most state DPA programs are layered on top of a first mortgage — you apply through an approved lender who originates both the primary loan and the DPA second lien at the same closing. The DPA funds reduce the cash you need upfront.
Grants
Free money — no repayment ever. Typically the smallest amounts but highest value.
Forgivable Loans
Balance forgiven after a set period (usually 3–15 years) if you stay in the home. Selling early triggers repayment.
Deferred Loans
No monthly payments. Balance due when you sell, refinance, or pay off your mortgage.
Down Payment Calculator
Down Payment Planner
Michigan median pre-loaded
Your Savings Plan
Timeline
7.9 yrs
saving $500/mo
No PMI at 20% down
20% or more avoids private mortgage insurance entirely.
Estimate only — does not include investment returns on savings.
Full Calculator →Frequently Asked Questions
What down payment assistance is available in Michigan?
Michigan's primary DPA program is the MSHDA Down Payment Assistance (DPA), administered by the Michigan State Housing Development Authority (MSHDA). It provides up to $10,000 as a deferred loan. 0% interest, no monthly payments. Repaid when you sell, refinance, or pay off the first mortgage.
How much down payment do I need in Michigan after using DPA?
On a $237,491 home (Michigan median), a 20% down payment is $47,498. With the MSHDA Down Payment Assistance (DPA) covering $10,000, your remaining gap would be $37,498. Many buyers combine DPA with a 3–5% conventional or FHA loan to reduce their cash needed further.
Do I have to repay Michigan down payment assistance?
0% interest, no monthly payments. Repaid when you sell, refinance, or pay off the first mortgage.
Can I combine Michigan DPA with other assistance programs?
Yes — Michigan's DPA programs can generally be combined ("stacked") with local city and county assistance programs, employer homebuyer benefits, and federal programs. Check with an approved lender or HUD-approved counselor to identify all programs you qualify for.
What are the income limits for Michigan down payment assistance?
The MSHDA Down Payment Assistance (DPA) uses a dollar-based income limit rather than a percentage of AMI. Check the Michigan State Housing Development Authority (MSHDA) website for current limits in your area.
Related Calculators
Home Affordability Calculator
See how much home you can afford in Michigan
PMI Calculator
Estimate private mortgage insurance on lower down payments
Michigan First-Time Buyer Programs
State mortgage programs with low rates and low down payments
Mortgage Payments by Price
See full PITI costs for 8 home prices in Michigan, from $200K to $750K