Household income limits apply and can vary depending on family size and property location. Michigan down payment up to 7 500.
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Currently most of michigan is rural outside of the big cities in the state.
First time home buyer michigan. The michigan state housing development authorityoffers mortgage programs for both first time home buyers and repeat buyers. The mortgages feature fixed interest rates and low down payment. If you would like some help checking your eligibility for down payment assistance please fill out this form.
Some loans have down payments as low as 3 and offer down payment assistance up to 7 500. Michigan first time homebuyer programs the homeownership division of the michigan state housing development authority mshda provides a variety of products to help first time homebuyers achieve and afford their first home. Sales price limit 224 500 statewide.
Homebuyer education class required available to first time homebuyers have not owned a home in the previous three years statewide and repeat homebuyers in targeted areas. Check property eligibility for the state michigan. You can learn more about these programs below.
Michigan housing development authority mshda offer numerous first time home buyer programs to make homeownership dream a reality. This includes programs offered throughout the entire state as well as several locally offered programs. First the home must be located in a rural area for this first time homebuyers program.
Right from down payment and closing cost assistance to tax. First time home buyers in michigan may be eligible to receive down payment assistance.
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