Michigan down payment assistance with MSHDA
Pick your Michigan county, income and price: whether the MI 10K loan fits, what it covers of the down payment, and the cash left to bring.
Help you may get in Wayne County
$10,000
MSHDA MI 10K DPA Loan: deferred loan, repaid when you sell or refinance. 0 programs likely fit, 1 to check.
| Your income vs. area median for 3 people | 80% |
| HUD 80% income limit, 3 people | $75,500 |
| Down payment at 3.5% | $7,700 |
| Cash still needed with the help | $0 |
| Monthly payment, no help | $1,470 |
| Monthly payment, with the help | $1,470 |
| FHA limit · conforming limit | $541,287 · $832,750 |
Programs read on the Michigan State Housing Development Authority (MSHDA) pages; HUD FY 2026 limits; payment = principal and interest over 30 years at 7.4% (Freddie Mac, October 15, 2026). The approved lender confirms eligibility.
| Program | Fit | Amount | Form | Why |
|---|---|---|---|---|
| MSHDA MI 10K DPA Loan | Check with the agency | $10,000 | Deferred loan, repaid when you sell or refinance | county income limit not transcribed: see the agency table |
Prepared by Radif Partners · Method · updated: HUD 2026 limits effective May 1, 2026 · Freddie Mac rate of October 15, 2026 · programs read on October 21, 2026
The Michigan State Housing Development Authority (MSHDA) offers one statewide down payment loan, the MI 10K DPA Loan, with its MI Home Loan first mortgage. It lends up to $10,000 for the down payment and closing costs at 0% interest, with no monthly payment, and is due when you sell or transfer the property. It is not forgiven. The first-time rule follows the MI Home Loan, with different rules in targeted areas, and the program asks for a 640 credit score and a homebuyer course. MSHDA's sheet effective June 1, 2026 sets the sales price limit at $566,355 in every county, and household income limits by county and family size, which we link. Because the help is a flat amount, it covers the whole FHA minimum on any home up to about $285,714: in Wayne County, a household of three earning $75,000 buying at $220,000 needs $7,700 down and gets up to $10,000.
The MI 10K loan, in MSHDA's words
| Program | Amount | Repayment (agency wording) | First-time only | Min. credit | Status |
|---|---|---|---|---|---|
| MSHDA MI 10K DPA Loan | up to $10,000 | 0% non-amortizing loan due upon sale or transfer of the property; no monthly payment | depends | 640 | open |
Michigan keeps it simple: one amount, one statewide price cap, one first mortgage. The $10,000 figure is a maximum; the lender sizes the loan to what the down payment and closing costs need. We could not open michigan.gov directly from our network; the terms come from the indexed text of MSHDA's official pages and its June 2026 limits sheet.
Detroit, Grand Rapids and Ann Arbor
| County | HUD median (4 people) | HUD 80% limit (3 people) | FHA limit | Conforming limit |
|---|---|---|---|---|
| Wayne County | $104,800 | $75,500 | $541,287 | $832,750 |
| Oakland County | $104,800 | $75,500 | $541,287 | $832,750 |
| Macomb County | $104,800 | $75,500 | $541,287 | $832,750 |
| Kent County | $106,600 | $76,800 | $541,287 | $832,750 |
| Genesee County | $82,100 | $60,250 | $541,287 | $832,750 |
| Washtenaw County | $142,300 | $96,150 | $541,287 | $832,750 |
| Ingham County | $102,600 | $73,900 | $541,287 | $832,750 |
| Ottawa County | $113,700 | $81,900 | $541,287 | $832,750 |
| Kalamazoo County | $108,100 | $75,850 | $541,287 | $832,750 |
| Saginaw County | $83,200 | $60,250 | $541,287 | $832,750 |
All of Michigan sits at the FHA floor of $541,287, but HUD medians vary widely: $104,800 in Wayne County, $106,600 in Kent, $142,300 in Washtenaw, home to Ann Arbor, and $82,100 in Genesee, around Flint. A buyer in Washtenaw has more room under the income limit; a buyer in Genesee has lower prices, so the $10,000 goes further.
A flat amount behaves differently from a percentage. On a $150,000 home in Genesee County the FHA minimum is $5,250, and the MI 10K loan can pay all of it plus most of the closing costs. On a $400,000 home in Oakland County the minimum is $14,000, and the same loan covers about two thirds of it. Buyers in the higher-priced suburbs should count on bringing more of their own money, or look at what their city adds.
Your Michigan county
Help you may get in Kent County
$10,000
| Your income vs. area median for 3 people | 89% |
| HUD 80% income limit, 3 people | $76,800 |
| Down payment at 3.5% | $11,550 |
| Cash still needed with the help | $1,550 |
Wayne County, worked through
| Program | Result | Amount | Why |
|---|---|---|---|
| MSHDA MI 10K DPA Loan | Check with the agency | $10,000 | county income limit not transcribed: see the agency table |
Here the loan covers the $7,700 minimum and leaves up to $2,300 for closing costs. In Kent County at $330,000, the minimum is $11,550, so $1,550 of it and the closing costs remain. The monthly payment does not change with the MI 10K loan, $1,470 of principal and interest in the Wayne example at the market average rate.
Applying in Michigan
MSHDA works through participating lenders, who reserve the MI 10K loan with the MI Home Loan and send you to an approved homebuyer course. Detroit, Grand Rapids and other cities run their own grants that some lenders add on top; the city's housing department lists them. Ask for the rate on the MI Home Loan with and without the 10K loan, and plan for its repayment the day you sell.